For Week Ending April 13, 2024 Amid higher borrowing costs, mortgage rate buydowns have become an increasingly popular choice among homebuyers looking to save some money on the purchase of their next home. According to a recent study by Freddie … Continue reading
Inventory
Weekly Market Report
March Monthly Skinny Video
Mortgage Rates Exceed 7 Percent for the First Time this Year
April 18, 2024 The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week. As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even … Continue reading
March Housing Market Report
Spring market continues budding; buyers seeing more options Signed purchase agreements rose 7.8%; new listings up 4.0% The median sales price increased 2.8% to $366,000 Market times fell 6.9% to 54 days; inventory up 8.4% to 6,879 (Apr. 15, 2024) … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending April 6, 2024 The share of homebuyers who paid cash for their home reached a 10-year high recently, according to the National Association of REALTORS®, with cash buyers accounting for 32% of all home purchases in January. … Continue reading
Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Data
April 11, 2024 Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path. While newly released inflation data from March continues to show a trend … Continue reading
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