The median home sales price for the month held firm at $305,000, which aligns with July’s figures.
Tag Archives: Housing Market
Mortgage Rates Hold Steady as Buyers Watch for Fed Decision
Freddie Mac’s latest report shows the 30-year fixed-rate mortgage (FRM) remained unchanged at 6.35% for the week ending September 5, 2024. This is a notable decrease from the 7.12% average recorded a year ago, providing relief for those hoping for lower borrowing costs.
Pennsylvania Housing Market Update: Rising Prices and Evolving Trends
According to Redfin, home prices in the state saw a significant increase of 7.6% year-over-year in May 2024, reaching a median price of $299,300.
When will housing affordability improve? Spoiler alert: It will take some time
Given the state of housing affordability in the U.S., here’s what to know about ongoing construction shortages, high interest rates, where housing prices are climbing, and what policymakers could do about it.
Pennsylvania Housing Market Mirrors National Trends
The Pennsylvania housing market continues to mirror what is being seen nationally.
New report shows Pennsylvania households are finding it less difficult to pay expenses
While the pandemic presented many challenges for Pennsylvania families, it appears as though household budgets are recovering better than expected.
A Quick Look Into Home Prices in Wilkes-Barre
As predicted, the housing market in Wilkes-Barre has been increasingly competitive in 2022.