Glenn Solberg

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Existing Home Sales

July 20, 2023 by Glenn Solberg

Filed Under: Existing Home Sales

New Listings and Pending Sales

July 17, 2023 by Glenn Solberg

Filed Under: Listings and Pendings

Inventory

July 17, 2023 by Glenn Solberg

Filed Under: Inventory

Prices resume their ascent; sales declines moderating; sellers still sluggish

July 17, 2023 by Glenn Solberg

The median sales price was up 0.5 percent from last June to $382,000 Signed purchase agreements fell 10.8 percent; new listings down 16.5 percent Sellers accepted offers for an average of 101.3 percent of their list price (July 16, 2023) … Continue reading →

Filed Under: Listings and Pendings

Weekly Market Report

July 17, 2023 by Glenn Solberg

For Week Ending July 8, 2023 Rental prices are beginning to decline, with rents for 0-2 bedroom properties dropping 0.5% year-over-year to $1,739 per month among the 50 largest metropolitan areas, according to Realtor.com’s most recent Monthly Rental Report, marking … Continue reading →

Filed Under: Inventory

Mortgage Rates Jump, Inching Toward Seven Percent

July 13, 2023 by Glenn Solberg

July 13, 2023 Mortgage rates increased to their highest level since November 2022, the last time rates broke seven percent. Incoming data suggest that inflation is softening, falling to its lowest annual rate in more than two years. However, increases … Continue reading →

Filed Under: Interest Rates

New Listings and Pending Sales

July 10, 2023 by Glenn Solberg

Filed Under: Listings and Pendings

Inventory

July 10, 2023 by Glenn Solberg

Filed Under: Inventory

Weekly Market Report

July 10, 2023 by Glenn Solberg

For Week Ending July 1, 2023 Buyers everywhere are feeling the crunch when home shopping this year, but middle-income households—those earning up to $75,000 per year—are perhaps experiencing the strongest competition overall due to a shortage of homes in their … Continue reading →

Filed Under: Inventory

Mortgage Rates Continue to Climb

July 6, 2023 by Glenn Solberg

July 6, 2023 Mortgage rates continued their upward trajectory again this week, rising to the highest rate this year so far. This upward trend is being driven by a resilient economy, persistent inflation and a more hawkish tone from the … Continue reading →

Filed Under: Interest Rates

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