For Week Ending January 18, 2025 U.S. home prices increased 4.3% year-over-year in the third quarter of 2024, according to the Federal Housing Finance Agency House Price Index Quarterly Report. Home prices were up in 49 states on an annual … Continue reading
December Monthly Skinny Video
Mortgage Rates Drop Below Seven Percent
January 23, 2024 After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks. While affordability challenges remain, this is welcome news for potential homebuyers, as reflected in a corresponding uptick in purchase applications. … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 11, 2025 Higher mortgage rates, coupled with rising sales prices, continue to impact buyer preferences for smaller homes. According to the U.S. Census Bureau, the typical single-family home under construction had a median floor area of … Continue reading
Mortgage Rates Surpass Seven Percent
January 16, 2024 Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024. The underlying strength of the economy is contributing to this increase in rates. Despite rising rates, … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 4, 2025 U.S. pending home sales recently hit a 21-month high, rising 2.2% month-over-month, marking the fourth consecutive month in which contract signings increased, according to the National Association of REALTORS®. On a monthly basis, pending … Continue reading
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