Jacksonville Real Estate News
Jacksonville
Foreign Investment in U.S. Residential Properties Plummet 21 Percent Over Last 12 Months
According to a new report from the National Association of Realtors, foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024
America's Home Affordability Issues Worsen in Mid 2024
According to ATTOM's newly released second-quarter 2024 U.S. Home Affordability Report, the median-priced single-family homes and condos remained less affordable compared to historical averages in 99 percent of counties.
Mortgage Rates in U.S. Dip in Late June
Based on Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage averaged 6.86 percent as of June 27, 2024.
U.S. Pending Home Sales Fall to All-time Low in May
According to the National Association of Realtors, U.S. Pending home sales in May slipped 2.1 percent. The Midwest and South posted monthly losses in transactions while the Northeast and West recorded gains. Year-over-year, all U.S. regions registered reductions.
