For Week Ending January 20, 2024 There were 4.9% more homes for sale on the typical day in December compared to the same period in 2022, according to Realtor.com’s December 2023 Monthly Housing Market Trends Report, marking the second consecutive … Continue reading
Inventory
Weekly Market Report
December Monthly Skinny Video
Mortgage Rates Inch Up but Remain in the Mid-Six Percent Range
January 25, 2024 The 30-year fixed-rate has remained within a very narrow range over the last month, settling in at 6.69% this week. Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into … Continue reading
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 13, 2024 Fannie Mae’s Home Purchase Sentiment Index (HPSI) climbed nearly three points to 67.2 in December and was up 6.2 points year-over-year, according to the latest National Housing Survey®. The rise was attributed to increasing … Continue reading
Mortgage Rates Decrease to Lowest Level Since May of 2023
January 18, 2024 Mortgage rates decreased this week, reaching their lowest level since May of 2023. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as … Continue reading
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