Charlotte Real Estate News
Charlotte
U.S. Homes Sales Fell to One of Lowest Levels on Record in May
According to Redfin, U.S. home sales fell 1.7% month over month in May 2024 on a seasonally adjusted basis and dropped 2.9% from a year earlier.
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.
All Regions of U.S. Experience Monthly Home Sales Declines in April
According to new data from the National Association of Realtors, existing U.S. home sales declined in April 2024. All four major U.S. regions experienced month-over-month decreases. Yet, year-over-year sales fell in the Northeast, Midwest, and South, but rose exclusively in the West.
Record High Monthly Housing Payments Put Chill in U.S. Spring Selling Season
Based on new data from Redfin, the median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, 2024, up 14% from a year earlier, and home prices rose 4.5% to their own record high.
