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Glenn Solberg – Page 28

Glenn Solberg

(612) 723-7000

Weekly Market Report

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For Week Ending September 30, 2023 Nationally, pending home sales decreased 7.1% month-over-month as of last measure, falling to the lowest level since April 2020, according to the National Association of REALTORS®, as rising borrowing costs and a scarcity of … Continue reading →

Mortgage Rates Continue to Surge

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October 5, 2023 Mortgage rates maintained their upward trajectory as the 10-year Treasury yield, a key benchmark, climbed. Several factors, including shifts in inflation, the job market and uncertainty around the Federal Reserve’s next move, are contributing to the highest … Continue reading →

Weekly Market Report

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For Week Ending September 23, 2023 New-home construction recently fell to a 3-year low, as higher mortgage rates take their toll on homebuilders, impacting affordability and causing production to slow. According to the U.S. Census Bureau, housing starts dropped 11.3% … Continue reading →

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