Vexillum Realty

11/13/2024

New on the Market

08/09/2024

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason.

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.

05/10/2024

In Q1 2024, national median home prices rose 5.0% year over year to $389,400, with 28.5% of metro areas seeing double-digit price increases.

05/08/2024

Housing affordability fell nationally in March 2024 compared to the previous month, with monthly mortgage payments increasing by 2.8% and the median price of single-family homes rising 2.4%.

05/03/2024

05/02/2024

At 7.22%, the 30-year mortgage interest rate has hit its highest point since November 2023; rates are unlikely to move down soon.

05/02/2024

Despite facing market challenges like historically low inventory, heightened mortgage rates, and the lowest annual sales since 1995, REALTORS® remained committed to giving back to the communities they serve.

05/01/2024

The housing sector is a significant contributor to gross domestic product (GDP) through construction, home sales, and renovations.

04/29/2024

Seasonality refers to predictable changes in time series data that correlate with certain times of the year; understanding it will help us anticipate trends in the upcoming months.

04/25/2024

Mortgage interest rates for the week sit at an average of 7.17%, and may show little dramatic downward movement any time soon.

04/19/2024

Housing affordability declined nationally in February compared to the previous month, the monthly mortgage payment decreased by 3.0%, and the median price of single-family homes declined modestly by 1.5%.

04/19/2024

When it comes to the current housing market, there are some myths circling around right now.