Good News for Homebuyers: Inflation Drops Below 3% for First Time in 3 Years
Getty ImagesInflation in the U.S. continued to cool last month, signaling imminent relief to homebuyers in the form of lower mortgage rates.In the 12 months through July, the consumer price index rose 2.9%, according to data released by the Department of Labor on Wednesday. It marked the first time
Our Midyear Real Estate Forecast Reveals Major Change for Homebuyers—Here’s What’s in Store
Getty Images (3)So far, 2024 has been a tough year for the housing market with high mortgage rates, stubborn home prices, and sluggish sales—but things might be finally looking up.The next six months should bring some welcome relief to homebuyers and sellers in the form of lower mortgage rates, acco
San Jose, California’s Median Home Price Hits $2 Million—a First for a U.S. Metro
Getty ImagesHome prices rose in nearly 90% of metropolitan markets in the U.S. in the second quarter, a 3% drop from the prior quarter, according to a report Tuesday from the National Association of Realtors.The median price for a single-family home, meanwhile, increased to $422,100, up 4.9% from th
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