Here are the biggest housing trends heading into fall 2024
Here are the biggest housing trends heading into fall 2024
6 months ago
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NEW YORK Housing Market Forecast for 2024 (from Reventure Consulting)
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A look at the marital status of 2024 home buyers, based on the National Association of Realtors® (NAR) 2024 Profile of Home Buyers and Sellers. | Realtor.com
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US existing home sales in 2024 dropped to their lowest level since 1995. According to data from the National Association of Realtors, roughly 4 million previously-owned homes were sold last year https://reut.rs/4ge9yBN | Reuters
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The housing market is seeing a significant shift as homebuyers are getting older than ever before: Current Trends in 2024: •Median buyer age: This year, the typical homebuyer’s age hit an all-time high of 56 years old, a dramatic jump from 49 years old in 2023 •First-time buyers: The median age of those purchasing their first home rose to 38 years old, compared to 35 years old in 2023 •Repeat buyers: Those purchasing another home also saw an increase, with the median age climbing to 61 years, up
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The housing market is seeing a significant shift as homebuyers ar…
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According to the National Association of Realtors® (NAR) 2024 Profile of Home Buyers and Sellers, homebuyer incomes have reached record highs: 📈 First-Time Homebuyers: The median household income for first-time buyers increased to $97,000, marking a $26,000 rise over the past two years. 📈 Repeat Homebuyers: Repeat buyers reported a median household income of $114,300, up from $111,700 the previous year. 📈 Typical Homebuyer: The overall median household income for homebuyers rose to $108,800 i
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Real estate outlook for 2024: What will the home market look like?
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