For Week Ending February 17, 2024 Housing inventory improved for the third month in a row, with the number of homes actively for sale in January increasing 7.9% year-over-year, according to Realtor.com’s January 2024 Monthly Housing Market Trends Report. Lower … Continue reading
Existing Home Sales
Mortgage Rates Continue to Rise, Nearing Seven Percent
February 22, 2024 Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates. Historically, the combination of a vibrant economy and modestly higher rates did not meaningfully impact … Continue reading
January Monthly Skinny Video
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending February 10, 2024 Seller profits declined for the first time since 2011, according to ATTOM’s Year-End 2023 U.S. Home Sales Report, which found that home sellers made a $121,000 profit on the sale of a median-priced single-family … Continue reading
January Housing Market Report
Year off to promising start with gains in listings and sales The median sales price increased 2.3% to $350,000 Signed purchase agreements rose 8.0%; new listings up 18.0% Market times fell 8.2% to 56 days; inventory up 1.7% to 6,288 … Continue reading
Mortgage Rates Rise
February 15, 2024 On the heels of consumer prices rising more than expected, mortgage rates increased this week. The economy has been performing well so far this year and rates may stay higher for longer, potentially slowing the spring homebuying … Continue reading
New Listings and Pending Sales
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