Glenn Solberg

(612) 723-7000

Weekly Market Report

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For Week Ending September 13, 2025 In a rare shift for the U.S. housing market, new homes have become more affordable than existing homes. According to the U.S. Census Bureau, the median sales price of a new home was $403,800 … Continue reading →

Mortgage Rates Continue to Move Down

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September 18, 2025 Mortgage rates decreased yet again this week, prompting many homeowners to refinance. In fact, the share of mortgage applications that were refinances reached nearly 60%, the highest since January 2022. Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending September 6, 2025 U.S. housing starts rose to a five-month high, climbing 5.2% month-over-month and 12.9% year-over-year to a seasonally adjusted annual rate of 1,428,000 units, according to the U.S. Census Bureau. The gain was driven primarily … Continue reading →

Mortgage Rates Drop

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September 11, 2025 The 30-year fixed-rate mortgage fell 15 basis points from last week, the largest weekly drop in the past year. Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest … Continue reading →

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