Nearly 90% of Metros Registered Home Price Gains in Q4 2024
The National Association of Realtors says nearly 90% of metros experienced home price increases in Q4 2024, as the 30-year fixed mortgage rate ranged from 6.12% to 6.85%. In addition 14% of the 226 tracked metro areas posted double-digit price gains over the same period, up from 7% in the third quarter. Indeed….Stay safe and have a Happy Friday!!!
“Record-high home prices and the accompanying housing wealth gains are definitely good news for property owners…However, renters who are looking to transition into homeownership face significant hurdles.” Said NAR Chief Economist Lawrence Yun.
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