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한국관련자료
Housing Finance Watch (Week 44, 2024)
AEI
2024.11.07
The median purchase rate increased from 6.50% to 6.63% in week 44, 2024.
According to Mortgage News Daily, the avg. 30-year rate was 7.05% on Nov. 4th.
Purchase volume was down 40% from the same week in 2019, and down 14% YoY, with volume slowing with increasing rates.
Preliminary YoY HPA was 4.2% in September 2024. It is projected to be 4.4%, 4.5, and 4.7% for Oct. 2024, Nov. 2024, and the first week of Dec. 2024, respectively.
Despite subdued purchase activity and relatively high rates, YoY HPA remains strong, largely due to buyers being well-qualified.
Our base HPA projection calls for y-o-y HPA of +4.7% and +5.5% by year-end 2024 and 2025 respectively.