For Week Ending May 18, 2024 According to the 2021 American Housing Survey, approximately 10.2 million households bought and moved to a new home in the two years preceding the date the survey was conducted. Of those, 40% of buyers … Continue reading
Inventory
Weekly Market Report
Mortgage Rates Drop Below Seven Percent
May 23, 2024 Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month. Although this week’s data on previously owned home sales showed a decline, … Continue reading
Existing Home Sales
April Monthly Skinny Video
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending May 11, 2024 The trend toward building smaller homes continues, as America’s homebuilders respond to demand for more affordable housing. According to the U.S. Census Bureau, median single-family home sizes declined 4% annually in 2023 to 2,179 … Continue reading
Mortgage Rates Continue to Decrease
May 16, 2024 Mortgage rates decreased for the second consecutive week. Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates. The decrease in rates, albeit small, may provide a bit more wiggle … Continue reading
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