October 27, 2022 The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market. As inflation endures, consumers are seeing higher costs at every turn, causing further declines in … Continue reading
For Week Ending October 15, 2022 Median national rents fell slightly to $1,759 in September, marking the second consecutive month rents have dropped, according to a recent report from Realtor.com. Although median rents remain 7.8% higher than a year ago, … Continue reading
October 20, 2022 The 30-year fixed-rate mortgage continues to remain just shy of seven percent and is adversely impacting the housing market in the form of declining demand. Additionally, homebuilder confidence has dropped to half what it was just six … Continue reading
Buyer activity dropped 29.7 percent for pending sales and 23.9 percent for closings Median sales price of Twin Cities homes rose 6.3 percent to $362,000 Sellers received 98.9 percent of their original list price, on average (September 16, 2022) – … Continue reading
