December 19, 2024 This week, mortgage rates crept up to a similar average as this time in 2023. For the most part, mortgage rates have moved between 6 and 7 percent over the last 12 months. Homebuyers are slowly digesting … Continue reading
November Housing Market Update
Sellers slower, buyers busier, inventory increasing Signed purchase agreements statewide were up 8.5%, and new listings were down 0.9% The statewide median sales price increased 4.4% to $340,000 Market times across the state rose 12.5% to 45 days, and inventory … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 7, 2024 The Federal Housing Finance Agency recently announced the conforming loan limits for one-unit properties with mortgages acquired by Fannie Mar and Freddie Mac will be $806,500 in 2025, an increase of $39,950 (5.2%) from … Continue reading
Mortgage Rates Continue to Drop
December 12, 2024 The 30-year fixed-rate mortgage decreased for the third consecutive week. The combination of mortgage rate declines, firm consumer income growth and a bullish stock market have increased homebuyer demand in recent weeks. While the outlook for the … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending November 30, 2024 The majority of new single-family housing starts in 2023 were built on slab foundations, according to the National Association of Home Builders’ analysis of the Survey of Construction (SOC), with 72.4% of new homes … Continue reading
Mortgage Rates Continue to Decrease
December 5, 2024 This week, mortgage rates decreased to their lowest level in over a month. Despite just a modest drop in rates, consumers clearly have responded as purchase demand has noticeably improved. The responsiveness of prospective homebuyers to even … Continue reading
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