For Week Ending August 10, 2024 Homebuyer preferences for smaller homes continue to influence builder behavior. According to the U.S. Census Bureau, the typical new single-family home under construction had a median floor area of 2,139 square feet in the … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
July Housing Market Update
Listings up but sales down as buyers eye lower mortgage rates ahead Signed purchase agreements fell 4.2%; new listings up 7.2% The median sales price increased 2.7% to $385,000 Market times rose 24.1% to 36 days; inventory up 11.4% to … Continue reading
Mortgage Rates Remain at the Lowest Level in Over a Year
August 15, 2024 While rates increased slightly this week, they remain more than half a percent lower than the same time last year. In 2023, the 30-year fixed-rate mortgage nearly hit 8 percent, slamming the brakes on the housing market. … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 3, 2024 The average rate on a 30-year mortgage fell to 6.73% the week ending August 1, 2024, the lowest level since early February, according to Freddie Mac. As a result, mortgage applications increased 6.9% on … Continue reading
Mortgage Rates Decrease to Lowest Level in Over a Year
August 8, 2024 Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to a less than favorable employment report and financial market turbulence for an economy that remains on solid footing. The … Continue reading
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