For Week Ending April 6, 2024 The share of homebuyers who paid cash for their home reached a 10-year high recently, according to the National Association of REALTORS®, with cash buyers accounting for 32% of all home purchases in January. … Continue reading
Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Data
April 11, 2024 Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path. While newly released inflation data from March continues to show a trend … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
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
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