Indianapolis Real Estate News
Indianapolis
Mortgage Applications in U.S. Dip in Late October
According to the Mortgage Bankers Association's latest Weekly Applications Survey for the week ending October 25, 2024, U.S. mortgage applications decreased 0.1 percent from one week earlier.
Mortgage Rates Hit 7 Percent One Week Before U.S. Presidential Election
According to national property broker Redfin, a U.S. homebuyer on a $3,000 monthly budget has lost $33,250 in purchasing power over the last six weeks, with the daily average 30-year fixed mortgage rate rising to 7% on October 28, 2024.
Stale Home Listings on the Rise in America
Based on new data from Redfin, nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019.
Home Sales in America Downtick Further in August
In August 2024, existing-home sales dropped, according to the National Association of Realtors (NAR) latest data. Three out of four major U.S. regions experienced declines, while the Midwest remained unchanged. Compared to the previous year, sales fell in three regions but held steady in the Northeast.
