For Week Ending October 28, 2023 Elevated mortgage rates have surpassed high home prices as the primary barrier to housing affordability, according to Fannie Mae’s latest Home Price Sentiment Index (HPSI), which fell by 2.4 points to 64.5 in September. … Continue reading
After a Multi-week Climb, Mortgage Rates Level Off
November 2, 2023 The 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under eight percent. The Federal Reserve again decided not to raise interest rates but have not ruled out a hike before year-end. Coupled with geopolitical … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending October 21, 2023 Annual U.S. single-family rent growth fell to 2.9% in August, marking the 16th consecutive month of declines, according to Corelogic’s most recent Single-Family Rent Index (SFRI). Although rent growth continues to moderate, single-family rents … Continue reading
September Monthly Skinny Video
Mortgage Rates Continue to Climb Toward Eight Percent
October 26, 2023 For the seventh week in a row, mortgage rates continued to climb toward eight percent, resulting in the longest consecutive rise since the Spring of 2022. Rates have risen two full percentage points in 2023 alone and, … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending October 14, 2023 According to ATTOM’s Q3 2023 U.S. Home Affordability Report, median priced single-family homes and condos were less affordable compared to historical averages in 99% of counties nationwide in the 3rd quarter of 2023. Home … Continue reading
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