Nancy, discover 6 key insights from the late Q3 market: Median monthly mortgage payment reached... (continue reading).
Navigating Late-Q3 Market: 6 Key Insights |
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  | |   | Prepared for: Nancy Monts-lium |   |
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Report Source: Markets Insider |
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Nancy, discover 6 key insights from the late Q3 market: 1. Record-high monthly mortgage payments: Median monthly mortgage payment reached an all-time high of $2,632, 13.9% yearly continue reading below.. | | Join over 140,000 TOP REALTORS® |
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Market Insights You Should Be Aware Of | |
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2. Aggressive interest rate hikes: The Fed's 11 rate hikes since March 2022 pushed mortgage rates to two-decade highs of 7.25% 3. Decline in homebuyer demand: Redfin's Homebuyer Demand Index 9% yearly, indicating decreased interest in home purchases 4. Low home inventory: Active listings of homes for sale 17% MoM in September, contributing to elevated prices Watch the full video to learn about the other insights and share this video with your clients and your community! |
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| Anna Perry Communications Manager |
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