For Week Ending February 10, 2024 Seller profits declined for the first time since 2011, according to ATTOM’s Year-End 2023 U.S. Home Sales Report, which found that home sellers made a $121,000 profit on the sale of a median-priced single-family … Continue reading
Year off to promising start with gains in listings and sales The median sales price increased 2.3% to $350,000 Signed purchase agreements rose 8.0%; new listings up 18.0% Market times fell 8.2% to 56 days; inventory up 1.7% to 6,288 … Continue reading
February 15, 2024 On the heels of consumer prices rising more than expected, mortgage rates increased this week. The economy has been performing well so far this year and rates may stay higher for longer, potentially slowing the spring homebuying … Continue reading
For Week Ending February 3, 2024 U.S. single-family rent growth was up 2.7% year-over-year as of last measure, according to Corelogic’s January 2024 U.S. Single-Family Rent Index, keeping in line with the annual rate of growth recorded prior to the … Continue reading
February 8, 2024 Mortgage rates remain stagnant, hovering in the mid-six percent range over the past several weeks. The economy and labor market remain strong with wage growth outpacing inflation, which is keeping consumer spending robust. Meanwhile, affordability in the … Continue reading
For Week Ending January 27, 2024 Builder confidence continues to rise amid declining mortgage rates, climbing seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The latest reading marks … Continue reading
