March 7, 2024 Evidence that purchase demand remains sensitive to interest rate changes was on display this week, as applications rose for the first time in six weeks in response to lower rates. Mortgage rates continue to be one of … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending February 24, 2024 U.S. housing starts fell 14.8% month-over-month in January to a seasonally adjusted annual rate of 1,331,000 units, according to data from the U.S. Census Bureau. Single-family starts dropped 4.7% from the previous month, while … Continue reading
Mortgage Rates Increase for the Fourth Consecutive Week
February 29, 2024 Mortgage rates continued their ascent this week, reaching a two-month high and flirting with seven percent yet again. The recent boomerang in rates has dampened already tentative homebuyer momentum approaching the spring, a historically busy season for … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending February 17, 2024 Housing inventory improved for the third month in a row, with the number of homes actively for sale in January increasing 7.9% year-over-year, according to Realtor.com’s January 2024 Monthly Housing Market Trends Report. Lower … Continue reading
Existing Home Sales
Mortgage Rates Continue to Rise, Nearing Seven Percent
February 22, 2024 Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates. Historically, the combination of a vibrant economy and modestly higher rates did not meaningfully impact … Continue reading
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