For Week Ending January 21, 2023 Housing inventory is increasing across most of the country, as home sales continue to slow amid higher mortgage rates and elevated home prices. According to Realtor.com’s December Housing Report, inventory rose in 49 out … Continue reading
Weekly Market Report
Weekly Market Report
For Week Ending January 14, 2023 Despite softening home prices, housing affordability continued to decline nationwide in Q4 2022 due in part to elevated interest rates. According to ATTOM’s Q4 2022 U.S. Home Affordability Report, median priced single-family homes and … Continue reading
Rising rates pushed sales down for every month in 2022 compared to 2021
Higher mortgage rates and rising prices increased monthly housing costs for buyers Minneapolis–Saint Paul, Minnesota (January 18, 2023) – The first and second half of 2022 couldn’t have looked more different, according to an annual report issued by Minneapolis Area … Continue reading
Weekly Market Report
For Week Ending January 7, 2023 Fannie Mae recently announced changes to its automated underwriting system intended to simplify the loan process and help create more homeownership opportunities for underserved borrowers lacking an established credit history. The changes include updating … Continue reading
Weekly Market Report
For Week Ending December 31, 2022 Rental prices are rising at the slowest pace in 19 months, with rents up 3.4% nationally as of last measure, marking the 10th consecutive month of slowing rent growth, according to Realtor.com’s recent Rental … Continue reading
Weekly Market Report
For Week Ending December 24, 2022 Elevated mortgage rates continue to take a toll on the construction industry, with housing permits for new homes falling 11.2% in November, according to the Commerce Department. Housing starts were down 0.5% over the … Continue reading
November Monthly Skinny Video
October Monthly Skinny Video
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