The WPJ

Philadelphia

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.

Typical U.S. Home Selling Less Than List Price in June

National property broker Redfin is reporting that the typical U.S. home that sold during the four weeks ending June 23, 2024, sold for 0.3% less than its asking price.

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.

Philadelphia Property News












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