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The 5.2% increase from 2024's ceiling of $766,550 is less than 2024's 5.5%.
Affordability is improving, the National Association of Realtors reports
Rentership rates geolocate markets where borrowers can still find affordable homes — and where they can't find any.
Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.
Purchase acquisition volume increased to $80 billion in the third quarter from $74.5 billion in the second quarter.
As lock-in effects persist, an era of concentrated demand among first-time homebuyers overlaps with an era of increasing unaffordability.
