December 29, 2022 The housing market remains in the doldrums with declining sales, inventory and prices. The declines in sales and deceleration in home prices began swiftly earlier in 2022 but have moderated more recently. While the intensity of weakness … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 17, 2022 Mortgage rates continued their downward trend of recent weeks, as the 30-year fixed-rate mortgage averaged 6.31% the week ending 12/15, according to Freddie Mac. Mortgage rates have fallen for the past 5 weeks, declining … Continue reading
The 30-Year Fixed-Rate Mortgage Continues to Trend Down
December 22, 2022 Heading into the holidays, mortgage rates continued to move down. Rates have declined significantly over the past six weeks, which is helpful for potential homebuyers, but new data indicates homeowners are hesitant to list their homes. Many … Continue reading
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending December 10, 2022 Conforming loan limits on mortgages acquired by Fannie Mae and Freddie Mac will increase in most of the United States to $726,200 in 2023, up from $647,200 in 2022, according to the Federal Housing … Continue reading
Sales down and inventory up amid slowing price growth
Buyer activity down 40.5 percent with 2,841 pending sales Median sales price of Twin Cities homes rose 4.1 percent to $354,000 Sellers continued to hesitate, with 17.0 percent fewer new listings in November (December 15, 2022) – According to new … Continue reading
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