The most affordable region was the Midwest (median family income: $98,302; qualifying income: $70,464). The least affordable region remained the West (median family income: $110,104; qualifying income: $151,728).
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Dreaming of owning your own home but not sure if you’re ready ? Check out these must-know tips before embarking on your first home-buying journey. 🏡
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From as-is to absolutely stunning! 🏡 🔨 Are you considering a home in need of some TLC? Buying a fixer-upper can be a gamble; but there are ways to come out on top. Check out these tips to determine if it's the right move for you.
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Instant Reaction: Mortgage Rates, April 18, 2024
"Mortgage interest rates increased to 7.1% this week, moving above the mid-6% range for the first time since December 2023."
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Considering a home purchase? Don’t overlook the importance of a home inspection! Check out these must-know tips before sealing the deal on your new space.
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Did you know? April is the best time of year to buy vacuums? New models debut in June, so last year’s vacuums go on sale in April — just in time for spring cleaning! Check out our guide for discounts on more home items.
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Millennials have surged ahead to become the largest group of home buyers, marking a significant shift in the housing market's demographic landscape. Learn more in the 2024 Home Buyers and Sellers Generational Trends report. https://t.co/nEniLMkxAG
This month, we commemorate the Fair Housing Act of 1968—a pivotal moment in history that continues to shape our communities. Let's honor this legacy by reaffirming our commitment to fair housing and fostering inclusive neighborhoods for all. https://t.co/5VJmEuW81V
Land sales rose 1.2% in 2023, moderating from the previous years. As of 2023 Q3, the underlying value of the land of real estate owned by households totaled $18.6 trillion, up from $17.2 trillion in 2022 Q3.
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While rates are a full percentage point below Oct 2023, no sizeable change is expected in the first half of 2024 https://t.co/QLxS2jEOje via @MarketWatch
Join NAR President Kevin Sears as he provides exclusive insights and updates from last week’s Region 11 Conference in Wyoming. Learn about a valuable member service we’re offering at no additional cost, as well as how members can engage with NAR committees. Watch now!
Instant Reaction: CPI, April 10, 2024
"Consumer prices reaccelerated to 3.5%. This is higher than the 2% target inflation, which raises eyebrows regarding the Federal Reserve's delay in cutting interest rates."
https://t.co/EgD4RyRMOM
Gen X remains one of the highest-earning home buyers, with a median income of $126,900 in 2023. With this extra income, buyers aged 44 to 58 purchased the second-largest homes at a median of 1,940 square feet.
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