U.S. homebuyers are finding more leverage in negotiations nationwide as competition eased in October 2024. The company's market heat index shows that conditions are gradually shifting toward a buyer's market as activity slows heading into winter.
According to new data from the Orlando Regional Realtor Association (ORRA), listings inventory for October 2024 totaled 11,357, marking a 1.8% decline from September's 11,560 listings.
According to the Mortgage Credit Availability Index (MCAI) report by the Mortgage Bankers Association, which analyzes data from ICE Mortgage Technology, U.S. mortgage credit availability increased in October 2024.
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 6.78 percent as of November 14, 2024.
Posted on October 25, 2024
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