November 14, 2024 After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers. Freddie Mac’s latest research shows that mortgage payments compared to rents on the same homes are elevated relative … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending November 2, 2024 U.S. housing starts edged down 0.5% from the previous month to a seasonally adjusted annual rate of 1.35 million units, according to the U.S. Census Bureau. Single-family housing starts rose 2.7% to a seasonally … Continue reading
Mortgage Rates Continue to Rise
November 7, 2024 Mortgage rates continued to inch up this week, reaching 6.79 percent. It is clear purchase demand is very sensitive to mortgage rates in the current market environment. As soon as rates began to rise in early October, … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending October 26, 2024 Millennials—people ages 28 to 43—make up the largest share of homebuyers nationwide, according to the National Association of REALTORS® 2024 Home Buyers and Sellers Generational Trends Report. Millennials comprised 38% of buyers in transactions … Continue reading
Mortgage Rates Increase for the Fifth Consecutive Week
October 31, 2024 Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August. With several potential inflection points happening over the next week, including the jobs report, the 2024 election, and the Federal … Continue reading
New Listings and Pending Sales
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