Summer 2024 housing market update
Are homebuyers springing into action this season? Here’s what we know.
Summer is heating up the housing market, and we’re seeing significant changes that could affect both buyers and sellers. Despite persistent high interest rates, a recent dip below 7% in June has ignited a surge in home buying activity, refinancing and mortgage applications. However, housing affordability remains a key problem affecting many potential buyers.
Our CEO and Co-Founder Austin Allison analyzes the latest trends and what they mean for you.
We'll cover:
- Mortgage applications and buyer sentiment
- Inventory update
- Affordability struggles
- Takeaways from recent webinar with First American Deputy Chief Economist
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