Higher mortgage rates and rising prices increased monthly housing costs for buyers Minneapolis–Saint Paul, Minnesota (January 18, 2023) – The first and second half of 2022 couldn’t have looked more different, according to an annual report issued by Minneapolis Area … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 7, 2023 Fannie Mae recently announced changes to its automated underwriting system intended to simplify the loan process and help create more homeownership opportunities for underserved borrowers lacking an established credit history. The changes include updating … Continue reading
Mortgage Rates Decline
January 12, 2023 While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks latent demand has been on display … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 31, 2022 Rental prices are rising at the slowest pace in 19 months, with rents up 3.4% nationally as of last measure, marking the 10th consecutive month of slowing rent growth, according to Realtor.com’s recent Rental … Continue reading
Mortgage Rates Inch Up
January 5, 2023 Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market. While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and … Continue reading
New Listings and Pending Sales
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