The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of May 2, 2024…
Redfin says that for the first time in nearly 2 years, there's no major American metro where home prices are falling.
U.S. News & World Report digs further into the continued rise of home prices - in the face of high mortgage rates.
USA Today shows average 30-year fixed mortgage rates at 7.75%. That's up from 7.65% last week, 7.37% last month, and 5.95% last year.
NAR's proposed settlement requires agents to have a written agreement with buyers prior to touring, and Zillow has made its new non-exclusive, limited-duration touring agreement available for use by the entire residential real estate industry.
Bankrate claims it's currently cheaper to rent than buy in all 50 of the largest US metros, and Newsweek shares an interactive map outlining the study's findings.
CNBC observes price growth stagnation and motivated sellers flooding the market across the state of Florida.
Realtor.com warns prospective buyers waiting for mortgage rates to come down that they're likely facing a lengthy wait.
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.