2023
New York Home Prices Increased in 2023
OneKey MLS, which covers the southern counties of New York (the NYC metro area, Long Island, and Hudson Valley), has released its latest market report for the region. The report tracks both month-to-month (November to December 2023) and year-to-year (2022 to 2023) changes. For the latter, sale prices increased by 2.10%, rising from $ 590,000 […]
November 2023 Existing-Home Sales Rise After Five Months of Declines
NAR released a summary of existing-home sales data showing that housing market activity increased by 0.8% from October 2023. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, December 14, 2023
The Fed indicated yesterday that they will hold the Fed Funds Rate steady for now and cut rates three times in 2024; NAR forecasts that mortgage interest rates will average 6.3% in 2024. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, November 30, 2023
Mortgage interest rates dropped again to 7.22% from 7.29% last week; the drop from the October peak of 7.79% translates into a $ 125-a-month savings on a $ 400,000 mortgage. www.nar.realtor – Research
NAR Advocacy Policy Priorities Outlined During 2023 Realtors® Annual Conference
NAR’s priorities include improving access to homeownership, expanding economic opportunities, and promoting NAR research to inform policymaking. www.nar.realtor – Fair Housing
Instant Reaction: Mortgage Rates, November 16, 2023
The three-week drop in mortgage rates is a steady sign that they have likely hit a peak and are headed down. www.nar.realtor – Research
Single-Family Home Prices Had Price Gains in 82.4% of 221 Metro Areas in 2023 Q3
National median home prices rose by 1.1% compared to the previous quarter and 2.2% year over year to $ 406,900. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, October 5, 2023
The 30-year fixed mortgage interest rate now sits at 7.49% as of October 5, 2023, up from 7.31% last week. www.nar.realtor – Research
Housing Affordability Challenges Persist in July 2023
At the national level, housing affordability was flat in July 2023 compared to the previous month. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, September 07, 2023
Mortgage interest rates eased this week from 7.18% to 7.12%. Although this is the fourth week above 7%, demand is still active in the housing market despite higher rates. www.nar.realtor – Research