Mortgage Lock-In Effect Shows Signs of Easing as New Listings Increase
News (NWS) Prnewswire·2024-10-03 18:00
Newly listed homes increased by 11.6% YOY and actively listed homes rose 33.9% YOY, according to Realtor.com® September Housing Report SANTA CLARA, Calif., Oct. 3, 2024 /PRNewswire/ -- Sellers got moving as mortgage rates notably hit a 24- month low following the Federal Reserve's jumbo rate cut of 50 bps in September. According to the Realtor.com® September Housing Report, newly listed homes increased by 11.6% compared to last September, yielding a significant reversal from the 0.9% decrease in August 2024 ...