Is a buyer’s market coming?
Sources:
Realtor.com, Housing Market Trends Report, July 2024.
Federal Reserve Economic Data (FRED), Realtor.com, Housing Inventory: Active Listing Count in United States, July 2024.
Freddie Mac, Primary Mortgage Market Survey, week ending August 8, 2024.
Redfin, “Typical Homebuyer’s Monthly Payment Drops to Lowest Level in 4 Months,” July 25, 2024.
Redfin, “Homebuyers Have Gained Nearly $30,000 in Purchasing Power Over the Last Month Thanks to Mortgage-Rate Drop,” August 5, 2024.
National Association of Realtors®, Existing-Home Sales, June 2024.
Fannie Mae, Economic Developments, July 2024.
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