Real Estate Figures in the USA 🏡🇺🇸
Brief Analysis 📊
The real estate market in the United States shows a mixed picture. While existing home sales and the MBA mortgage market index have seen increases, building permits and the price-to-rent ratio have decreased. The mortgage rate remains relatively high, which could impact affordability for potential buyers. The house price index continues to rise, indicating that home prices are still on an upward trend. Overall, the market is experiencing both growth and challenges, reflecting broader economic conditions.
-Existing Home Sales: In July 2024, existing home sales increased by 1.3% to an annual rate of 3.95 million 🏠.
-Building Permits: In July 2024, 1.406 million building permits were issued, a decrease of 3.3% from the previous month 🏗️.
-Mortgage Rate: The 30-year mortgage rate was 6.35% in August 2024 📉.
-House Price Index: The house price index for the second quarter of 2024 was 682.18.
-MBA Mortgage Market Index: The MBA mortgage market index increased to 230.50 points at the end of August 2024.
-New Residential Sales: In July 2024, new residential sales reached an annual rate of 739,000 units.
-Price-to-Rent Ratio: The price-to-rent ratio in the United States decreased to 134.66 in the first quarter of 2024 🏡/💵.
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