For Week Ending December 10, 2022 Conforming loan limits on mortgages acquired by Fannie Mae and Freddie Mac will increase in most of the United States to $726,200 in 2023, up from $647,200 in 2022, according to the Federal Housing … Continue reading
Inventory
Weekly Market Report
Sales down and inventory up amid slowing price growth
Buyer activity down 40.5 percent with 2,841 pending sales Median sales price of Twin Cities homes rose 4.1 percent to $354,000 Sellers continued to hesitate, with 17.0 percent fewer new listings in November (December 15, 2022) – According to new … Continue reading
Mortgage Rates Continue their Downward Trajectory
December 15, 2022 Mortgage rates continued their downward trajectory this week, as softer inflation data and a modest shift in the Federal Reserve’s monetary policy reverberated through the economy. The good news for the housing market is that recent declines … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 3, 2022 Rising interest rates and higher sales prices have caused affordability to decline significantly this year, and U.S. homebuilders have taken note. New homes have been getting smaller throughout 2022, with the U.S. Census reporting … Continue reading
Mortgage Rates Continue to Drop
December 8, 2022 Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth. Over the last four weeks, mortgage rates have declined three quarters of a point, the largest decline since 2008. While the … Continue reading
