15% of 221 Metro Areas Had Double-Digit Year-Over-Year Price Increases in 2023 Q4

The National Association of REALTORS® reported that home prices continued to rise in the fourth quarter of 2023, and single-family home prices had positive gains in 85.5% of 221 metro areas. National median prices rose 3.5%, year over year, to $391,700. Median home prices fell by 3.6% compared to th

Instant Reaction: Mortgage Rates, February 8, 2024

For the eighth week in a row, there has been overall stability for the 30-year fixed mortgage interest rate. Today, mortgage interest rates averaged 6.64% for the week. At the beginning of the week, the 10-year treasury moved higher, now at 4.1%, providing conjecture that the 30-year mortgage intere

More Than 85% of Metro Areas Registered Home Price Increases in Fourth Quarter of 2023

Key Highlights Single-family existing-home sales prices climbed in 86% of measured metro areas – 189 of 221 – in the fourth quarter, up from 82% in the previous quarter. The national median single-family existing-home price rose 3.5% from a year ago to $391,700. The monthly mortgage payment on a typ