Zillow reports buying power jumped $30,302 year over year, lifting the median affordable home price to $331,483 as rates fell to 6.1%.
A new Realtor.com report shows falling mortgage rates increased homebuyers’ purchasing power by $74,000 nationwide in August 2024 compared to October 2023.
A new Redfin report shows a $40,000 increase in purchasing power for homebuyers on a $3,000 monthly budget since mortgage rates peaked last fall.
A new Redfin report shows a decline in buyer demand as mortgage rates surge to a 15-year high.
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