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REAL ESTATE UPDATES
Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.
October 2022 brought 4.43 million in sales, a median sales price of $379,100, and 3.3 months of inventory. The median sales price is up 6.6% year-over-year, and inventory was up 0.9 months from October 2021.
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"Historical context is important. An average 30-year, fixed mortgage rate of 5.5 percent is still well below the historical average of nearly 9 percent. "
- Mark Fleming, Chief Economist at First American
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12766 Mockingbird Lane
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