For Week Ending March 11, 2023 The slower pace of home sales has helped housing supply increase at a record pace nationwide, with inventory climbing 67.8% year-over-year in February, according to Realtor.com’s latest Monthly Housing Market Trends report. Inventory was … Continue reading
Twin Cities Home Prices Flattening Out with Latest Rate Spike
Median sales price of Twin Cities homes rose 0.6 percent to just under $342,000 Buyer activity down 23.6 percent with 2,932 pending sales Sellers listed 24.3 percent fewer homes compared to last February (March 15, 2022) – According to new … Continue reading
Weekly Market Report
For Week Ending March 4, 2023 According to recent data from Black Knight, more than 40% of US mortgages originated in 2020 – 2021, with almost 25% of all current home loans originating in 2021, when the pandemic helped mortgage … Continue reading
Weekly Market Report
For Week Ending February 25, 2023 According to a recent National Association of Home Builders/Wells Fargo Housing Market Index (HMI) survey, building material prices were the most significant issue for US homebuilders last year, with 96% of builders reporting that … Continue reading
January Monthly Skinny Video
Weekly Market Report
For Week Ending February 18, 2023 The number of homes available for sale continues to increase nationwide, with active listings up 65.5% compared to January 2022, according to Realtor.com’s most recent Monthly Housing Report. Buyers have 248,000 more homes to … Continue reading
Weekly Market Report
For Week Ending February 11, 2023 Nationally, the median age of owner-occupied homes is 40 years, according to the 2021 American Community Survey (ACS), the most recent survey available. Among owner-occupied homes, nearly half were built before 1979, while only … Continue reading
Twin Cities Price Growth Stabilizes to Match Historic Norms
Median sales price of Twin Cities homes rose 2.7 percent to just under $342,000 Buyer activity down 19.3 percent with 2,560 pending sales Sellers listed 10.6 percent fewer homes compared to last January (February 15, 2022) – According to new … Continue reading
Weekly Market Report
For Week Ending February 4, 2023 Mortgage rates continued their downward trend, with the 30-year fixed-rate mortgage averaging 6.09% the week ending 2/2/23, according to Freddie Mac. Mortgage rates have declined steadily for the past 4 weeks and are now … Continue reading
Weekly Market Report
For Week Ending January 28, 2023 U.S. housing starts declined in 2022, as homebuilders scaled back production due to high construction costs, affordability challenges, and a pullback in buyer demand. According to the U.S. Census Bureau, 1.55 million homes were … Continue reading
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