For Week Ending May 13, 2023 May is the best month to sell a home, according to a recent analysis by ATTOM Data Solutions, which found that, on average, sellers saw a premium of 12.8% above market value when selling … Continue reading
Prices dip for first time since 2012 but sellers still receive over asking price
The median sales price was down 0.7 percent to $367,500 The average market time was up 60.7 percent to 45 days New listings down 27.9 percent; pending sales down 28.8 percent (May 17, 2023) – According to new data from … Continue reading
The 30-year Fixed-rate Mortgage Reverts from Last Week
May 18, 2023 The 30-year fixed-rate mortgage averaged 6.39 percent this week, as economic crosscurrents have kept rates within a ten-basis point range over the last several weeks. After the substantial slowdown in growth last fall, home prices stabilized during … Continue reading
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending May 6, 2023 Mortgage interest rates fell slightly following the Federal Reserve’s recent decision to raise its benchmark short-term interest rate by a quarter percentage point this month, its 10th interest rate hike since March 2022. According … Continue reading
Mortgage Rates Inch Down
May 11, 2023 This week’s decrease continues a recent sideways trend in mortgage rates, which is a welcome departure from the record increases of last year. While inflation remains elevated, its rate of growth has moderated and is expected to … Continue reading
New Listings and Pending Sales
Inventory
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