Metro-wide Inventory is down 24.2 percent since the start of 2021 Month’s Supply of Inventory (absorption rate) is at a record low, ~ 3 weeks of supply Median Sales Price rose 10.4 percent to $332,250 (February 15, 2022) – According … Continue reading
February 17, 2022 Mortgage rates jumped again due to high inflation and stronger than expected consumer spending. The 30-year fixed-rate mortgage is nearing four percent, reaching highs we have not seen since May 2019. As rates and house prices rise, … Continue reading
For Week Ending February 5, 2022 Despite falling temperatures and a surge in COVID-19 cases across the country, the U.S. real estate market remains active, with homes selling in record time due to robust buyer demand and a shortage of … Continue reading
February 10, 2022 The normalization of the economy continues as mortgage rates jumped to the highest level since the emergence of the pandemic. Rate increases are expected to continue due to a strong labor market and high inflation, which likely … Continue reading
For Week Ending January 29, 2022 Home seller profits increased in more than 90% of housing markets last year, the highest level since 2008, according to ATTOM Data Solutions’ Year-End 2021 U.S. Home Sales Report. On average, sellers saw a … Continue reading
