Bigger Down Payments Continue in Q4 2024
The typical Q4 down payment was $30,250, slightly below Q3 but $3K higher year-over-year. Higher home prices and rates were keeping down payments elevated.
New Home Sales Edge Higher in February
Sales of newly built, single-family homes in February increased 1.8% thanks to slightly lower mortgage rates. Inventory was up 7.5% compared to a year earlier.
AccuWeather Predicts Busy Hurricane Season
The weather service forecasts up to six U.S. tropical impacts in 2025, with 13-18 named storms and 3-5 major hurricanes.