Housing Market In Crisis 2024 Pdf

Housing Market In Crisis 2024 Pdf. Mortgage rates that were 2.8% are now 6.5%. In 2024 as modest price declines take hold and mortgage rates dip, the typical purchase cost is expected to slip just under $2,200 which would amount to nearly.

The rise in housing costs has been a major source of overall inflation, which was 2.9% in the 12 months ending in july 2024. The federal housing finance agency (fhfa) recently reported that u.s.