February 15, 2024 On the heels of consumer prices rising more than expected, mortgage rates increased this week. The economy has been performing well so far this year and rates may stay higher for longer, potentially slowing the spring homebuying … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending February 3, 2024 U.S. single-family rent growth was up 2.7% year-over-year as of last measure, according to Corelogic’s January 2024 U.S. Single-Family Rent Index, keeping in line with the annual rate of growth recorded prior to the … Continue reading
Mortgage Rates Show Little Movement
February 8, 2024 Mortgage rates remain stagnant, hovering in the mid-six percent range over the past several weeks. The economy and labor market remain strong with wage growth outpacing inflation, which is keeping consumer spending robust. Meanwhile, affordability in the … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 27, 2024 Builder confidence continues to rise amid declining mortgage rates, climbing seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The latest reading marks … Continue reading
Mortgage Rates Tick Down
February 1, 2024 Although affordability continues to impact homeownership, the combination of a solid economy, strong demographics and lower mortgage rates are setting the stage for a more robust housing market. Mortgage rates have been stable for nearly two months, … Continue reading
2023 Annual Twin Cities Housing Market Report
In 2023, higher interest rates continued to weigh on market activity, yet prices are still up 23-year high mortgage rates and rising prices increased monthly housing costs and slowed buyer activity Minneapolis–Saint Paul, Minnesota (January 29, 2024) – After sales … Continue reading
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