According to the National Association of Realtors® (NAR) 2024 Profile of Home Buyers and Sellers, homebuyer incomes have reached record highs: 📈 First-Time Homebuyers: The median household income for first-time buyers increased to $97,000, marking a $26,000 rise over the past two years. 📈 Repeat Homebuyers: Repeat buyers reported a median household income of $114,300, up from $111,700 the previous year. 📈 Typical Homebuyer: The overall median household income for homebuyers rose to $108,800 i
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146K views · 417 reactions | The salary needed to afford a home has more than doubled since before the pandemic. Full report: https://rltor.cm/mn5trs | Realtor.com | Facebook
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Mortgage rates saw their biggest drop since mid-December, easing to 6.76% this week from 6.85% last week, per Freddie Mac. A year ago, they stood at 6.94%. ATTOM's report compared refinance loan data from the third to the fourth quarter of 2024 and found five cities with the largest quarterly increases in home loan refinancing. 5 cities with the biggest surge in mortgage refinancing due to lower rates: 1️⃣ Hilton Head, SC 2️⃣ Wilmington, NC 3️⃣ San Jose, CA 4️⃣ Buffalo, NY 5️⃣ San Francisco, CA
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