- Rates briefly hit 4-year lows last week, moving purchasers off the fence. Purchase apps rose 6.1% for the week and 10% year over year.
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- Homebuyer preferences are shifting from open layouts toward more traditional designs with better privacy and energy efficiency, per the NAR.
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- HousingWire reports property taxes and homeowners insurance account for an average of 21% of monthly payments, impacting affordability.
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