- According to NAR, home prices are still rising in most areas of the country. However, prices fell in 31% of metro areas, some as much as 10%.
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- Purchase mortgage applications rose 5% last week despite still being lower than a year ago. Refi apps were up 10% for the week.
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- A recent BOFA survey reports that 58% of millennials are homeowners. Of those who don’t yet own a home, 66% plan to buy within 2 years.
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