December 7, 2023 The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago. When rates began to rapidly drop, purchase applications rebounded initially, but this improvement in demand diminished in the … Continue reading
New Listings and Pendings
Inventory
Weekly Market Report
For Week Ending November 25, 2023 Down payments reached a new high recently, as rising interest rates, elevated sales prices, and increased competition have led homebuyers to put more money down when purchasing a home. According to Realtor.com, buyers made … Continue reading
Mortgage Rates Drop for the Fifth Consecutive Week
November 30, 2023 Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates. The current trajectory of rates is an encouraging development for potential homebuyers, with purchase application activity recently rising to the … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending November 18, 2023 U.S. home seller profits continue to rise, with profit margins on median-priced single-family home and condo sales climbing to 59% in the third quarter of the year, up from 56.6% in the second quarter … Continue reading
October Monthly Skinny Video
Mortgage Rates Continue to Slide Down
November 22, 2023 Mortgage rates continued to decrease heading into the Thanksgiving holiday. In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory. This dynamic is reflected … Continue reading
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