For Week Ending June 22, 2024 The number of homes for sale continues to increase nationwide, with Realtor.com reporting there were 35.2% more homes for sale on a typical day in May compared to the same time last year, marking … Continue reading
June 27, 2024 The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months. By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer … Continue reading
For Week Ending June 15, 2024 U.S. mortgage performance is in good health overall, according to CoreLogic’s May 2024 Loan Performance Insights report, which found overall delinquency, serious delinquency, and foreclosure rates remained low as of last measure in March … Continue reading
June 20, 2024 Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut. These lower mortgage rates coupled with the gradually improving housing supply bodes well for the … Continue reading
Growth in listings met by cooler demand leads to an increase in supply Signed purchase agreements fell 5.0%; new listings up 3.4% The median sales price increased 4.1% to $385,000 Market times rose 7.2% to 40 days; inventory up 16.3% … Continue reading
