For Week Ending January 6, 2024 Median priced single-family homes and condos were less affordable compared to historical averages in 99% of counties nationwide in the 4th quarter of 2023, according to ATTOM’s Q4 2023 U.S. Home Affordability Report. Major … Continue reading
Mortgage Rates Continue to Hover in the Mid-Six Percent Range
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
New Listings and Pending Sales
Inventory
Weekly Market Report
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
Mortgage Rates Move Sideways as Markets Digest Incoming Data
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
New Listings and Pending Sales
Inventory
Weekly Market Report
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
Heading into the New Year, Mortgage Rates Remain on a Downward Trend
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
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