Home Prices
In December 2024, U.S. single-family house prices rose by 0.4% from November, marking a 4.7% increase over the year. This trend underscores the persistent demand and limited supply in the housing market. reuters.com
Interest Rates and Affordability
Despite the Federal Reserve’s monetary easing in 2024, mortgage rates have remained elevated. As of January 2, 2025, 30-year fixed mortgage rates rose to 6.91%, the highest since July 2024. This increase continues to challenge housing affordability nationwide. nwmls.com
