Glenn Solberg

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Mortgage Rates Continue to Hover in the Mid-Six Percent Range

January 11, 2024 by Glenn Solberg

January 11, 2024 Mortgage rates have not moved materially over the last three weeks and remain in the mid-six percent range, which has marginally increased homebuyer demand. Even this slight uptick in demand, combined with inventory that remains tight, continues … Continue reading →

Filed Under: Monthly Skinny Video

New Listings and Pending Sales

January 8, 2024 by Glenn Solberg

Filed Under: The Skinny

Inventory

January 8, 2024 by Glenn Solberg

Filed Under: Weekly Report

Weekly Market Report

January 8, 2024 by Glenn Solberg

For Week Ending December 30, 2023 U.S housing starts surged following the drop in mortgage rates, jumping 14.8% from the previous month to a seasonally adjusted annual rate of 1,560,000 units, according to the U.S. Census Bureau. The latest reading … Continue reading →

Filed Under: Weekly Report

Mortgage Rates Move Sideways as Markets Digest Incoming Data

January 4, 2024 by Glenn Solberg

January 4, 2024 Between late October and mid-December, the 30-year fixed-rate mortgage plummeted more than a percentage point. However, since then rates have moved sideways as the market digests incoming economic data. Given the expectation of rate cuts this year … Continue reading →

Filed Under: Monthly Skinny Video

New Listings and Pending Sales

January 2, 2024 by Glenn Solberg

Filed Under: The Skinny

Inventory

January 2, 2024 by Glenn Solberg

Filed Under: Weekly Report

Weekly Market Report

January 2, 2024 by Glenn Solberg

For Week Ending December 23, 2023 The median household income for U.S. homebuyers hit a record high of $107,000 recently, a 21.6% increase from a year ago, according to the National Association of REALTORS® 2023 Profile of Home Buyers and … Continue reading →

Filed Under: Weekly Report

Heading into the New Year, Mortgage Rates Remain on a Downward Trend

December 28, 2023 by Glenn Solberg

December 28, 2023 The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down. Heading into the new year, the economy remains on firm ground with solid growth, a … Continue reading →

Filed Under: Monthly Skinny Video

New Listings and Pending Sales

December 27, 2023 by Glenn Solberg

Filed Under: The Skinny

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