June 22, 2023 Mortgage rates slid down again this week but remain elevated compared to this time last year. Potential homebuyers have been watching rates closely and are waiting to come off the sidelines. However, inventory challenges persist as the … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending June 10, 2023 Home price growth has slowed to its lowest rate on record since 2016, according to the latest Realtor.com Monthly Housing Trends Report. The U.S. median list price rose 2.56% month-over-month to $441,000 in May, … Continue reading
Prices down slightly again while sellers still getting over asking price
The median sales price was down 1.3 percent from last May to $370,000 Signed purchase agreements fell 19.3 percent; new listings down 17.6 percent Sellers accepted offers for an average of 101.1 percent of their list price (June 15, 2023) … Continue reading
Mortgage Rates Continue to Come Down
June 15, 2023 Mortgage rates decreased slightly this week in anticipation of the pause in rate hikes by the Federal Reserve. As inflation continues to decelerate, economic growth is slowing and the tightening cycle of monetary policy is reaching its … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending June 3, 2023 Builder confidence continues to rise thanks to a boost in new-home sales, as a limited supply of existing homes for sale has helped drive demand for new homes this year. According to the National … Continue reading
Mortgage Rates Decline After a Three-Week Ascent
June 8, 2023 Mortgage rates decreased after a three-week climb. While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers. Information provided by Freddie Mac.
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