November 21, 2024 Mortgage rates ticked back up this week, continuing to approach 7 percent. Heading into the holidays, purchase demand remains in the doldrums. While for-sale inventory is increasing modestly, the elevated interest rate environment has caused new construction … Continue reading
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending November 9, 2024 U.S. pending home sales increased 7.4% month-over-month and 2.6% year-over-year, as falling mortgage rates in August and September helped under contract sales rise to their highest level since March, according to the National Association … Continue reading
October Housing Market Update
SIZABLE GAINS IN LISTINGS AND SALES DESPITE RATE ENVIRONMENT Signed purchase agreements were up 10.4% statewide, and new listings were up 9.1% The median sales price increased 5.3% to $347,500 Market times rose 10.5% to 42 days, and inventory was … Continue reading
Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall
November 14, 2024 After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers. Freddie Mac’s latest research shows that mortgage payments compared to rents on the same homes are elevated relative … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending November 2, 2024 U.S. housing starts edged down 0.5% from the previous month to a seasonally adjusted annual rate of 1.35 million units, according to the U.S. Census Bureau. Single-family housing starts rose 2.7% to a seasonally … Continue reading
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