January 9, 2024 In the first full week of the new year, the 30-year fixed-rate mortgage remained elevated at just under 7 percent. The continued strength of the economy has put upward pressure on mortgage rates, and along with high … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 28, 2024 The typical homeowner has accumulated $147,000 in housing wealth over the last five years, according to a study by the National Association of REALTORS®. 87% of metropolitan markets (196 out of 226 tracked areas) … Continue reading
Mortgage Rates Reach Highest Point Since July
January 2, 2024 Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months. Compared to this time last year, rates are elevated and the market’s affordability headwinds persist. However, buyers appear to … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 21, 2024 New-home purchases accounted for 15% of home sales over the past year, the highest share since 2007, while existing-home purchases accounted for 85%, according to a recent report from the National Association of REALTORS®. … Continue reading
Mortgage Rates Continue to Rise
December 26, 2024 Mortgage rates increased for the second straight week, rebounding after a decline from earlier this month. While a slight improvement in new and existing home sales is encouraging, the market remains plagued by an overwhelming undersupply of … Continue reading
Existing Home Sales
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