For Week Ending January 27, 2024 Builder confidence continues to rise amid declining mortgage rates, climbing seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The latest reading marks … Continue reading
Inventory
Weekly Market Report
Mortgage Rates Tick Down
February 1, 2024 Although affordability continues to impact homeownership, the combination of a solid economy, strong demographics and lower mortgage rates are setting the stage for a more robust housing market. Mortgage rates have been stable for nearly two months, … Continue reading
2023 Annual Twin Cities Housing Market Report
In 2023, higher interest rates continued to weigh on market activity, yet prices are still up 23-year high mortgage rates and rising prices increased monthly housing costs and slowed buyer activity Minneapolis–Saint Paul, Minnesota (January 29, 2024) – After sales … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 20, 2024 There were 4.9% more homes for sale on the typical day in December compared to the same period in 2022, according to Realtor.com’s December 2023 Monthly Housing Market Trends Report, marking the second consecutive … Continue reading
December Monthly Skinny Video
Mortgage Rates Inch Up but Remain in the Mid-Six Percent Range
January 25, 2024 The 30-year fixed-rate has remained within a very narrow range over the last month, settling in at 6.69% this week. Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into … Continue reading
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