For Week Ending August 19, 2023 International buyers of U.S. homes purchased 14.2% fewer homes from April 2022 to March 2023 compared to the same 12-month period a year before, according to the latest data from the National Association of … Continue reading
Weekly Market Report
Mortgage Rates Continue to Surge
August 24, 2023 This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term. As rates remain high and supply of … Continue reading
July Monthly Skinny Video
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 12, 2023 Seller profit margins are up nationwide following three quarterly declines, according to ATTOM’s Q2 2023 U.S. Home Sales Report. Typical profit margins on medianpriced single-family and condo sales climbed to 47.7% in the second … Continue reading
The 30-Year Fixed-Rate Mortgage Reaches its Highest Level in Over Twenty Years
August 17, 2023 The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb. The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been … Continue reading
Prices still flat while sales declines continue with rates sticky around 7%
The median sales price remained flat at $375,000 Signed purchase agreements fell 9.5 percent; new listings down 16.0 percent Sellers accepted offers for an average of 100.8 percent of their list price (August 15, 2023) – According to new data … Continue reading
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