Pending Home Sales Climb to Highest Level Since March
Appraisal Buzz
OCTOBER 30, 2024
The National Association of REALTORS (NAR) reports that pending home sales increased in September. According to Yun, in 2025 and 2026, the median price of an existing home will increase to $410,700 and $420,000, respectively. In 2025, the yearly 30-year fixed mortgage rate will drop to 5.9%, but in 2026, it will rise to 6.1%.
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