May 16, 2024 Mortgage rates decreased for the second consecutive week. Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates. The decrease in rates, albeit small, may provide a bit more wiggle … Continue reading
April Housing Market Report
Listings are up more than sales meaning buyers are seeing more options Signed purchase agreements rose 8.5%; new listings up 20.9% The median sales price increased 4.1% to $385,250 Market times fell 2.2% to 45 days; inventory up 14.1% to … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending May 4, 2024 The best time to sell a home is in the first half of the year, according to a new report from ATTOM. An analysis of more than 59 million home sales from 2011 to … Continue reading
Mortgage Rates Decrease for the First Time Since March
May 9, 2024 After a five week climb, mortgage rates ticked down following a weaker than expected jobs report. An environment where rates continue to hover above seven percent impacts both sellers and buyers. Many potential sellers remain hesitant to … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending April 27, 2024 Housing affordability improved for the second straight quarter, according to ATTOMS’s Q1 2024 Home Affordability Report, which found major homeownership expenses required 32.3% of the average national wage in the first quarter of the … Continue reading
Rates Increase Again and at a Key Moment for the Housing Market
May 2, 2024 The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season. On average, more than one-third of home sales for the entire year occur between March and June. With … Continue reading
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