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This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2024 compared to 2023 and discusses what is predicted to unfold in 2024. The number of homes placed under contract (pending) decreased by 9.8% Pending sales are at a level not seen since 2009.
We’ve seen more luxuryproperties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Mortgage Lenders – 1989: FIREEA and appraiser licensing, 2009: HVCC and AMCs took over. The average contract interest rate for 5/1 ARMs decreased to 4.46
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