September 19, 2024 Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers. While mortgage rates do not directly follow moves by the Federal Reserve, this first cut in over four years will … Continue reading
August Housing Market Update
Buyer and seller activity down from last August, but lower rates on the way Pending sales fell 10.2%; new listings down 3.3% The median sales price increased 2.6% to $389,700 Market times rose 21.2% to 40 days; inventory up 11.7% … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending September 7, 2024 The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index hit a new all time high in June, rising 5.4% year-over-year, a slight decline from a 5.9% annual gain the previous month. The 20-City … Continue reading
Mortgage Rates Drop to their Lowest Level Since February 2023
September 12, 2024 Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023. Rates continue to soften due to incoming economic data that is more sedate. But … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 31, 2024 49.2% of mortgaged residential properties in the U.S. were considered equity rich—having at least 50% equity in one’s home–in the second quarter of 2024, according to ATTOM’s Q2 2024 U.S. Home Equity and Underwater … Continue reading
Mortgage Rates Remained Flat This Week
September 5, 2024 Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report. Even though rates have come down over the summer, home sales have been lackluster. On the refinance side however, … Continue reading
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