July 18, 2024 The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week. Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the … Continue reading
June Housing Market Update
Metro home prices hit record high despite higher rates and more inventory Signed purchase agreements fell 10.8%; new listings down 5.8% The median sales price increased 1.8% to $390,000 Market times rose 9.7% to 34 days; inventory up 10.6% to … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending July 6, 2024 U.S. housing starts fell 5.5% month-over-month to a seasonally adjusted annual rate of 1,277,000, according to the U.S. Census Bureau. Privately-owned housing completions also declined, dropping 8.4% from the previous month to a seasonally … Continue reading
Mortgage Rates Tick Down as Markets Digest Incoming Data
July 11, 2024 Following June’s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit. There is also more inventory on the market, including a fair number of listings with … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending June 29, 2024 Nationally, the median down payment was $26,400, or 13.6% of the purchase price, in the first quarter of 2024, according to a recent study from Realtor.com, a slight decrease from the previous quarter, when … Continue reading
Mortgage Rates Increase
July 3, 2024 Mortgage rates increased this week, coming in just under seven percent. Both new home and pending home sales are down, causing active listings to rise. We are still expecting rates to moderately decrease in the second half … Continue reading
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