For Week Ending January 14, 2023 Despite softening home prices, housing affordability continued to decline nationwide in Q4 2022 due in part to elevated interest rates. According to ATTOM’s Q4 2022 U.S. Home Affordability Report, median priced single-family homes and … Continue reading
Weekly Market Report
Existing Home Sales
Mortgage Rates Continue to Decrease
January 19, 2023 As inflation continues to moderate, mortgage rates declined again this week. Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment. Declining rates are providing a much-needed boost to … Continue reading
Rising rates pushed sales down for every month in 2022 compared to 2021
Higher mortgage rates and rising prices increased monthly housing costs for buyers Minneapolis–Saint Paul, Minnesota (January 18, 2023) – The first and second half of 2022 couldn’t have looked more different, according to an annual report issued by Minneapolis Area … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 7, 2023 Fannie Mae recently announced changes to its automated underwriting system intended to simplify the loan process and help create more homeownership opportunities for underserved borrowers lacking an established credit history. The changes include updating … Continue reading
Mortgage Rates Decline
January 12, 2023 While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks latent demand has been on display … Continue reading
New Listings and Pending Sales
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