For Week Ending July 13, 2024 U.S. homeowners with a mortgage saw their equity increase 9.6% year-over-year in the first quarter of 2024, an average gain of $28,000 and the highest number since 2022, according to CoreLogic’s Homeowner Equity Insights … Continue reading
Inventory
Weekly Market Report
Mortgage Rates Continue to Fall
July 18, 2024 The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week. Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the … Continue reading
June Housing Market Update
Metro home prices hit record high despite higher rates and more inventory Signed purchase agreements fell 10.8%; new listings down 5.8% The median sales price increased 1.8% to $390,000 Market times rose 9.7% to 34 days; inventory up 10.6% to … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending July 6, 2024 U.S. housing starts fell 5.5% month-over-month to a seasonally adjusted annual rate of 1,277,000, according to the U.S. Census Bureau. Privately-owned housing completions also declined, dropping 8.4% from the previous month to a seasonally … Continue reading
Mortgage Rates Tick Down as Markets Digest Incoming Data
July 11, 2024 Following June’s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit. There is also more inventory on the market, including a fair number of listings with … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending June 29, 2024 Nationally, the median down payment was $26,400, or 13.6% of the purchase price, in the first quarter of 2024, according to a recent study from Realtor.com, a slight decrease from the previous quarter, when … Continue reading
Mortgage Rates Increase
July 3, 2024 Mortgage rates increased this week, coming in just under seven percent. Both new home and pending home sales are down, causing active listings to rise. We are still expecting rates to moderately decrease in the second half … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending June 22, 2024 The number of homes for sale continues to increase nationwide, with Realtor.com reporting there were 35.2% more homes for sale on a typical day in May compared to the same time last year, marking … Continue reading
The 30-Year Fixed-Rate Mortgage Continues its Downward Trend
June 27, 2024 The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months. By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer … Continue reading
May Monthly Skinny Video
New Listings and Pending Sales
Inventory
Existing Home Sales
Weekly Market Report
For Week Ending June 15, 2024 U.S. mortgage performance is in good health overall, according to CoreLogic’s May 2024 Loan Performance Insights report, which found overall delinquency, serious delinquency, and foreclosure rates remained low as of last measure in March … Continue reading
Mortgage Rates Move Lower
June 20, 2024 Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut. These lower mortgage rates coupled with the gradually improving housing supply bodes well for the … Continue reading
May Housing Market Update
Growth in listings met by cooler demand leads to an increase in supply Signed purchase agreements fell 5.0%; new listings up 3.4% The median sales price increased 4.1% to $385,000 Market times rose 7.2% to 40 days; inventory up 16.3% … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending June 8, 2024 U.S. home prices have increased by more than 47% since 2020, according to a recent analysis by ResiClub of the Case-Shiller National Home Price Index, outpacing the growth of the 1990s and 2010s, which … Continue reading
Mortgage Rates Continue to Move Down
June 13, 2024 Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth. Top-line inflation numbers were flat but shelter inflation, which measures rent and homeownership costs, … Continue reading