top of page
  • Writer's pictureChris Mackey

BlueBid Buzz: May 2

The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.

Here's the Buzz for the week of May 2, 2024…

  • Redfin says that for the first time in nearly 2 years, there's no major American metro where home prices are falling.

  • U.S. News & World Report digs further into the continued rise of home prices - in the face of high mortgage rates.

  • USA Today shows average 30-year fixed mortgage rates at 7.75%. That's up from 7.65% last week, 7.37% last month, and 5.95% last year.

  • NAR's proposed settlement requires agents to have a written agreement with buyers prior to touring, and Zillow has made its new non-exclusive, limited-duration touring agreement available for use by the entire residential real estate industry.

  • Bankrate claims it's currently cheaper to rent than buy in all 50 of the largest US metros, and Newsweek shares an interactive map outlining the study's findings.

  • CNBC observes price growth stagnation and motivated sellers flooding the market across the state of Florida.

  • warns prospective buyers waiting for mortgage rates to come down that they're likely facing a lengthy wait.

Have a great week.

Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.


bottom of page