Portland Real Estate News
Portland
Home Prices Rise in 87 Percent of U.S. Metros in Q3
In the National Association of Realtors' latest quarterly report, about 90% of U.S. metro areas (196 out of 226, or 87%) saw home price increases during Q3 of 2024, as 30-year fixed mortgage rates fluctuated between 6.08% and 6.95%.
Market Share of First Time Home Buyers Hit Historic Low in U.S.
The National Association of Realtors' newly released 2024 Profile of Home Buyers and Sellers report reveals a historic low in first-time U.S. homebuyer market share, which dropped to 24% from 32% last year.
U.S. Multifamily Market Begins Recovery in Q3
Based on CBRE's latest research, the U.S. multifamily market is showing signs of recovery as the vacancy rate fell in the third quarter of 2024 for the first time in more than two years and renter demand outpaced record new supply deliveries.
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.
