For Week Ending January 11, 2025 Higher mortgage rates, coupled with rising sales prices, continue to impact buyer preferences for smaller homes. According to the U.S. Census Bureau, the typical single-family home under construction had a median floor area of … Continue reading
Weekly Market Report
Mortgage Rates Surpass Seven Percent
January 16, 2024 Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024. The underlying strength of the economy is contributing to this increase in rates. Despite rising rates, … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 4, 2025 U.S. pending home sales recently hit a 21-month high, rising 2.2% month-over-month, marking the fourth consecutive month in which contract signings increased, according to the National Association of REALTORS®. On a monthly basis, pending … Continue reading
Mortgage Rates Continue to Trend Up
January 9, 2024 In the first full week of the new year, the 30-year fixed-rate mortgage remained elevated at just under 7 percent. The continued strength of the economy has put upward pressure on mortgage rates, and along with high … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 28, 2024 The typical homeowner has accumulated $147,000 in housing wealth over the last five years, according to a study by the National Association of REALTORS®. 87% of metropolitan markets (196 out of 226 tracked areas) … Continue reading
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