Saint Louis Real Estate News
Saint Louis
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.
Home Sales in U.S. Dip for Third Consecutive Month in May
According to the National Association of Realtors, U.S. existing-home sales dipped in May 2024 as the median sales price climbed to a record high.
U.S. Mortgage Rates Dip Below 7 Percent, First Time in 5 Weeks
Based on Freddie Mac's latest Primary Mortgage Market Survey for the week ending May 23, 2024, the 30-year fixed-rate mortgage averaged 6.94 percent.
Cost of Buying a Home Hits Record High as Mortgage Rates Jump in U.S.
This past week, the average daily mortgage rate climbed to over 7.4%, marking its highest point since last November 2023, influenced by an unexpectedly high inflation report and confirmation from the Federal Reserve that interest rate reductions would be postponed.
