Housing Inventory Scarce as Interest Rates Drop
The number of houses on the U.S. housing market fell 2.5% annually in September
The number of houses on the U.S. housing market fell 2.5% annually in September
Consumer confidence in the housing market took a hit in September, dipping from a record high in August
Sales of new U.S single-family homes rose 7.1% in August,
Even as home prices continue to rise, the average monthly mortgage payment amount has dropped 6.1% since last May,
Home prices continued to increase at a slower pace in June
Sales of new U.S. homes declined 12.8% in July
Only 16% of all homes were paid for with cash in June.
Is it better to search for the absolute lowest rate or is it more helpful to choose a less-expensive home? Here’s how the two factors are related and how to make the right choice.
Demand for U.S. housing is quickly outpacing the supply of homes
Roughly 37% of all U.S. households own their homes completely