For Week Ending March 30, 2024 U.S. residential housing starts jumped 10.7% from the previous month to a seasonally adjusted annual rate of 1.521 million units, led by a surge in single-family starts, which increased 11.6% to 1.129 million units … Continue reading
Mortgage Rates Continue to Show Little Movement
April 4, 2024 Mortgage rates showed little movement again this week, hovering around 6.8 percent. Since the start of 2024, the 30-year fixed-rate mortgage has not reached seven percent but has not dropped below 6.6 percent either. While incoming economic … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending March 23, 2024 Housing inventory continues to improve nationwide, climbing 14.8% year-over-year according to Realtor.com’s February 2024 Monthly Housing Market Trends Report. New listings increased 11.3% year-over-year, while the total number of unsold homes rose 8.8% compared … Continue reading
Mortgage Rates Drop Slightly
March 28, 2024 Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers. Additionally, encouraging data out on existing home sales reflects improving inventory. Regardless, rates remain elevated near seven percent … Continue reading
February Monthly Skinny Video
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending March 16, 2024 The U.S. homeownership rate declined in the fourth quarter of 2023, sliding 0.3% from the third quarter to 65.7% at year’s end, according to the Census Bureau’s Housing Vacancy Survey, as higher interest rates … Continue reading
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