Both pending and closed home sales were down about 9.0 percent from last April Inventory was down 9.2 percent to 5,758 units, the twenty-fifth consecutive month of declines Median Sales Price reached a record $370,000, up 10.0 percent from last … Continue reading
For Week Ending May 7, 2022 Demand for adjustable-rate mortgages (ARMs) is rising, as buyers look to mitigate higher monthly payments caused by record-high sales prices and surging mortgage interest rates. Although less popular than fixed rate mortgages, ARMs offer … Continue reading
May 12, 2022 Homebuyers continue to show resilience even though rising mortgage rates are causing monthly payments to increase by about one-third as compared to a year ago. Several factors are contributing to this dynamic, including the large wave of … Continue reading
For Week Ending April 30, 2022 70% of metropolitan areas saw the median existing-home sales price rise by double digits annually in the first quarter of 2022, up from 66% of metro areas in the previous quarter, according to the … Continue reading
May 5, 2022 Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009. While housing affordability and inflationary pressures pose challenges for potential buyers, house price growth will continue but is expected to … Continue reading
