For Week Ending November 19, 2022 Housing supply continues to grow nationwide, as higher borrowing costs cause home sales to slow. According to Realtor.com’s Monthly Housing Market Trends Report, the national inventory of active listings increased 33.5% year-over-year in October, … Continue reading
November 23, 2022 Mortgage rates continued to tick down heading into the Thanksgiving holiday. In recent weeks, rates have hit above seven percent only to drop by almost half a percentage point. This volatility is making it difficult for potential … Continue reading
For Week Ending November 12, 2022 Homeownership was up slightly in the third quarter of 2022, with the percentage of owner-occupied households rising 0.6 points from the same period last year to 66% nationally, according to Federal Reserve Economic Data … Continue reading
November 17, 2022 Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked. While the decline in mortgage rates is welcome news, there is still a long road ahead for the housing market. Inflation remains … Continue reading
Buyer activity dropped 37.7 percent with 3,611 pending sales Median sales price of Twin Cities homes rose 4.7 percent to $356,002 30-Year mortgage rates are averaging around 7.0 percent, the highest since 2002 (November 15, 2022) – According to new … Continue reading
