September 2024 Market Update

We are getting into the Fall market with many variables impacting how the market is trending.  On the positive side, we have lower mortgage interest rates, about 6.15% for a 30-year fixed rate mortgage right now.  We also have the ongoing issue of affordability that impacts a lot of would-be home buyers.  In this update, I take a look at the data and discuss the impact that these and other variables are having on our housing market.