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 →

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 →

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 →

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 →

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 →

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 →

For Week Ending April 20, 2024 U.S. residential housing starts unexpectedly declined as of last measure, falling 14.7% from the previous month to a seasonally adjusted annual rate of 1.32 million units, according to the U.S. Census Bureau. Building permits … Continue reading →

April 25, 2024 Mortgage rates continued rising this week. Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady. With rates staying higher for longer, many homebuyers are adjusting, as evidenced … Continue reading →

For Week Ending April 13, 2024 Amid higher borrowing costs, mortgage rate buydowns have become an increasingly popular choice among homebuyers looking to save some money on the purchase of their next home. According to a recent study by Freddie … Continue reading →

April 18, 2024 The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week. As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even … Continue reading →

Spring market continues budding; buyers seeing more options Signed purchase agreements rose 7.8%; new listings up 4.0% The median sales price increased 2.8% to $366,000 Market times fell 6.9% to 54 days; inventory up 8.4% to 6,879 (Apr. 15, 2024) … Continue reading →

For Week Ending April 6, 2024 The share of homebuyers who paid cash for their home reached a 10-year high recently, according to the National Association of REALTORS®, with cash buyers accounting for 32% of all home purchases in January. … Continue reading →

April 11, 2024 Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path. While newly released inflation data from March continues to show a trend … Continue reading →

For Week Ending March 30, 2024 U.S. residential housing starts jumped 10.7% from the previous month to a seasonally adjusted annual rate of 1.521 million units, led by a surge in single-family starts, which increased 11.6% to 1.129 million units … Continue reading →

April 4, 2024 Mortgage rates showed little movement again this week, hovering around 6.8 percent. Since the start of 2024, the 30-year fixed-rate mortgage has not reached seven percent but has not dropped below 6.6 percent either. While incoming economic … Continue reading →