The median sales price was unchanged at $355,000 The average market time was up 62.9 percent to 57 days New listings down 23.9 percent; pending sales down 27.9 percent (April 14, 2023) – According to new data from Minneapolis Area … Continue reading
Mortgage Rates Decrease Slightly
April 13, 2023 Mortgage rates decreased for the fifth consecutive week. Incoming data suggest inflation remains well above the desired level but showing signs of deceleration. These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending April 1, 2023 The annual rate of US rent growth has continued to slow annually, with single-family rents increasing 5.7% as of last measure, the lowest level since spring 2021, according to Corelogic’s most recent Single-Family Rent … Continue reading
Mortgage Rates Trending Lower
April 6, 2023 Mortgage rates continue to trend down entering the traditional spring homebuying season. Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending March 25, 2023 Mortgage interest rates declined for the third week in a row, with the 30-year fixed rate mortgage averaging 6.32% the week ending 3/30/23, the lowest level since mid-February, according to Freddie Mac. The drop … Continue reading
Mortgage Rates Decrease for the Third Consecutive Week
March 30, 2023 Economic uncertainty continues to bring mortgage rates down. Over the last several weeks, declining rates have brought borrowers back to the market but, as the spring homebuying season gets underway, low inventory remains a key challenge for … Continue reading
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