February 16, 2023 Mortgage rates moved up for the second consecutive week. The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing. Overall housing costs are also increasing and therefore impacting inflation, which continues … Continue reading
Twin Cities Price Growth Stabilizes to Match Historic Norms
Median sales price of Twin Cities homes rose 2.7 percent to just under $342,000 Buyer activity down 19.3 percent with 2,560 pending sales Sellers listed 10.6 percent fewer homes compared to last January (February 15, 2022) – According to new … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending February 4, 2023 Mortgage rates continued their downward trend, with the 30-year fixed-rate mortgage averaging 6.09% the week ending 2/2/23, according to Freddie Mac. Mortgage rates have declined steadily for the past 4 weeks and are now … Continue reading
Mortgage Rates Increase Slightly
February 9, 2023 Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 28, 2023 U.S. housing starts declined in 2022, as homebuilders scaled back production due to high construction costs, affordability challenges, and a pullback in buyer demand. According to the U.S. Census Bureau, 1.55 million homes were … Continue reading
December Monthly Skinny Video
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