For Week Ending April 20, 2024 U.S. residential housing starts unexpectedly declined as of last measure, falling 14.7% from the previous month to a seasonally adjusted annual rate of 1.32 million units, according to the U.S. Census Bureau. Building permits … Continue reading
Weekly Market Report
Mortgage Rates Continue to Increase
April 25, 2024 Mortgage rates continued rising this week. Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady. With rates staying higher for longer, many homebuyers are adjusting, as evidenced … Continue reading
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending April 13, 2024 Amid higher borrowing costs, mortgage rate buydowns have become an increasingly popular choice among homebuyers looking to save some money on the purchase of their next home. According to a recent study by Freddie … Continue reading
March Monthly Skinny Video
Mortgage Rates Exceed 7 Percent for the First Time this Year
April 18, 2024 The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week. As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even … Continue reading
March Housing Market Report
Spring market continues budding; buyers seeing more options Signed purchase agreements rose 7.8%; new listings up 4.0% The median sales price increased 2.8% to $366,000 Market times fell 6.9% to 54 days; inventory up 8.4% to 6,879 (Apr. 15, 2024) … Continue reading
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