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Home sales surge in early 2024

Home sales surge in early 2024

According to Orphe Divounguy of Zillow, new home sales rebounded in December despite higher mortgage rates. According to the data, in December, 664,000 new single-family homes were sold nationwide annualized,…

Fannie says rates to go below 6%

Fannie says rates to go below 6% in 2024

According to Freddie Mac, mortgage rates have decreased to the lowest level since May 2023. “This is an encouraging development for the housing market and in particular first-time homebuyers who…

Apartment market to soften in 2024

Apartment market to soften in 2024

According to a new report from RealPage, apartment rents have remained flat for the past few months as apartment supply hit record levels. Specifically, apartment supply hit a 36-year high…

2024 will be a buyer's market, reports

2024 will be a buyer’s market, reports

Dana Anderson of Redfin reports this week that listing consults with its agents have risen significantly since rates began to fall. Redfin economists “expect buyers will take advantage of lower…