For Week Ending March 18, 2023 More than a decade of underbuilding has resulted in a shortage of 6.5 million single-family homes, as new-home construction continues to lag population growth. According to a new report from Realtor.com, 15.6 million new … Continue reading
Mortgage Rates Continue to Slide Down
March 23, 2023 Mortgage rates continued to slide down as financial market concerns came to the fore over the last two weeks. However, on the homebuyer front, the news is more positive with improved purchase demand and stabilizing home prices. … Continue reading
Existing Home Sales
February Monthly Skinny Video
Mortgage interest rates have dipped slightly from their peak last fall, leading pending sales to increase 8.1% month-to-month as of last measure, but affordability constraints continue to limit homebuyer activity overall, with existing-home sales declining for the twelfth consecutive month, … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending March 11, 2023 The slower pace of home sales has helped housing supply increase at a record pace nationwide, with inventory climbing 67.8% year-over-year in February, according to Realtor.com’s latest Monthly Housing Market Trends report. Inventory was … Continue reading
Twin Cities Home Prices Flattening Out with Latest Rate Spike
Median sales price of Twin Cities homes rose 0.6 percent to just under $342,000 Buyer activity down 23.6 percent with 2,932 pending sales Sellers listed 24.3 percent fewer homes compared to last February (March 15, 2022) – According to new … Continue reading
Mortgage Rates Pull Back
March 16, 2023 Mortgage rates are down following an increase of more than half a percent over five consecutive weeks. Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term. During … Continue reading
New Listings and Pending Sales
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