For Week Ending November 18, 2023 U.S. home seller profits continue to rise, with profit margins on median-priced single-family home and condo sales climbing to 59% in the third quarter of the year, up from 56.6% in the second quarter … Continue reading
Weekly Market Report
October Monthly Skinny Video
Mortgage Rates Continue to Slide Down
November 22, 2023 Mortgage rates continued to decrease heading into the Thanksgiving holiday. In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory. This dynamic is reflected … Continue reading
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending November 11, 2023 Despite sluggish home sales, US home prices have continued to increase, further impacting affordability for many prospective buyers. According to the latest S&P CoreLogic Case-Shiller Index, home prices were up 2.6% year-over-year and 0.4% … Continue reading
Mortgage Rates Trend Down
November 16, 2023 For the third straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding. The combination of continued economic strength, lower inflation and lower mortgage rates should likely bring more potential homebuyers into … Continue reading
Rates briefly break 8.0%, further burdening buyers and stifling sellers
The median sales price increased 2.4% to $365,000 Signed purchase agreements fell 4.9%; new listings down 1.1% Sellers still getting solid offers at 98.4% of list price in an average of 37 days (Nov. 15, 2023) – According to new … Continue reading
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