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Housing Market Update: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines

Housing Market Update: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines

New listings posted their biggest increase in two months this week, but mortgage applications and pending sales declined as mortgage rates stay stubbornly high. More sellers are listing their homes as spring draws nearer. New[...]
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Homeowners Today Stay in Their Homes Twice As Long As They Did in 2005, Driven Largely By Older Americans Aging in Place

The typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago. Homeowner tenure peaked at 13.4 years in 2020, just when the pandemic set off a moving frenzy, and has declined since then.This data is from a[...]
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Housing Market Update: Home Prices and Mortgage Rates Rise, Pushing Would-Be Buyers to the Sidelines

Housing Market Update: Home Prices and Mortgage Rates Rise, Pushing Would-Be Buyers to the Sidelines

Home prices posted their biggest annual increase in 15 months and mortgage rates rose this week. High housing costs, along with seasonal factors like the Super Bowl, pushed down pending sales. The median U.S. home-sale price rose 6.1%[...]
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Investors Bought 26% of the Country’s Most Affordable Homes in the Fourth Quarter—the Highest Share on Record

Real estate investors bought 26.1% of low-priced U.S. homes that sold in the fourth quarter. That’s the highest share on record and is up from 24% a year earlier. By comparison, investors purchased 13.6% of mid-priced homes that sold (vs[...]
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Housing Market Update: Pending Sales Post Biggest Decline in 4 Months, Dampened By Rising Mortgage Rates

High mortgage rates and harsh weather are pushing down home sales, but some house hunters are touring and getting a feel for the market. The bumpy start to 2024’s housing market continues, with daily average mortgage rates posting[...]
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