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Equity Theft is Now Illegal
July 2024 Monthly Housing Report Mortgage Rates Dip Since February Hawaii Ban on Short-Term Rentals Ag Land Market Is Settling
where real property meets real data, every day
In This Edition
July 2024 Monthly Housing Report
Mortgage Rates Dip Since February
Hawaii Ban on Short-Term Rentals
Ag Land Market Is Settling
and more inside
Regional: Equity Theft is Now Illegal
Mortgage & REITS
30-Yr Fixed RM | 6.40% | - 0.22% |
15-Yr Fixed RM | 5.89% | - 0.26% |
30-Yr FHA | 6.10% | - 0.03% |
30-Yr Jumbo | 6.68% | - 0.12% |
7/6 SOFR ARM | 6.25% | - 0.08% |
30-Yr VA | 6.12% | - 0.03% |
Average going rates as of Aug 2nd 2024
S&P 500 | 5,346.56 | - 1.84% |
S&P REIT | 354.10 | - 0.28% |
FTSE NAREIT | 789.59 | + 0.067% |
Numbers as of Aug 2nd 2024 closing
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Key Trends
July 2024 Monthly Housing Market Report. See the Full Report
The housing market saw a 36.6% increase in homes actively for sale this July, marking the ninth consecutive month of growth and reaching a post-pandemic high. Unsold homes, including those under contract, rose by 22.6%. While new listings were up by 3.6% from last year, this is a decrease from June. The median home price remained steady at $439,950, though the price per square foot increased by 3.1%, indicating a rise in smaller, more affordable homes. Homes spent 50 days on the market, the highest for July since 2020. Additionally, price cuts hit a two-year high at 18.9%, surpassing pre-pandemic levels. Discover more.
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