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The Truth About Median Home Prices
April 29, 2024 | Reading Time: 2 Minutes The term “median home price” often gets tossed around, but what does it really mean? Let’s break it down. “Median” simply refers to the middle value in a set of numbers when they’re arranged from lowest to highest. It’s not an average; it’s that middle point. But […]
Huge Number of Homeowners Hold Onto Favorable Mortgage Rates
April 18, 2024 | Reading Time: 6 Minutes Something profoundly unusual has unfolded in the American housing market over the past couple of years, marked by a rise in mortgage rates to around 7 percent. These rates, though not historically extraordinary by themselves, present a challenge due to the fact that the average American household […]
