For Week Ending December 21, 2024 New-home purchases accounted for 15% of home sales over the past year, the highest share since 2007, while existing-home purchases accounted for 85%, according to a recent report from the National Association of REALTORS®. … Continue reading
Weekly Market Report
Mortgage Rates Continue to Rise
December 26, 2024 Mortgage rates increased for the second straight week, rebounding after a decline from earlier this month. While a slight improvement in new and existing home sales is encouraging, the market remains plagued by an overwhelming undersupply of … Continue reading
Existing Home Sales
New Listings and Pending Sales
Inventory
November Monthly Skinny Video
Weekly Market Report
For Week Ending December 14, 2024 For the first time in 10 years, the U.S. real median gross cost of renting—rent, plus the average monthly cost of utilities and fuel, adjusted for inflation—grew faster than median home values on an … Continue reading
Heading into the Holidays, Mortgage Rates Increase
December 19, 2024 This week, mortgage rates crept up to a similar average as this time in 2023. For the most part, mortgage rates have moved between 6 and 7 percent over the last 12 months. Homebuyers are slowly digesting … Continue reading
November Housing Market Update
Sellers slower, buyers busier, inventory increasing Signed purchase agreements statewide were up 8.5%, and new listings were down 0.9% The statewide median sales price increased 4.4% to $340,000 Market times across the state rose 12.5% to 45 days, and inventory … Continue reading
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