
US Housing Market Shows Signs of a Fall Revival
The U.S. housing market is showing signs of a fall revival as lower mortgage rates and increased inventory begin to attract buyers after a slow summer.
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The U.S. housing market is showing signs of a fall revival as lower mortgage rates and increased inventory begin to attract buyers after a slow summer.
U.S. existing-home sales saw a minimal 0.2% dip in August, while the median home price rose 2.0% year-over-year to $422,600, according to the NAR.
A new report shows median home prices are falling in five major U.S. counties, yet national housing affordability continues to decline for many Americans.
Lehigh Valley homes sold quickly in August, averaging 20 days on market. Median prices rose 1.4% to $350,000. Buyer activity remained strong despite limited inventory.
Pennsylvania's median home price rose 6.4% to $319,250 in August year-over-year, while a nearly 7% increase in inventory signals market stabilization.
Pennsylvania's median home price rose 6.4% year-over-year to $319,250 in August, while increased inventory signals a stabilizing real estate market.