For Week Ending April 15, 2023 Baby boomers—people ages 58 to 76—now make up the largest share of buyers and sellers nationwide, according to the National Association of REALTORS® 2023 Home Buyers and Sellers Generational Trends Report. Baby boomers represented … Continue reading
April 20, 2023 For the first time in over a month, mortgage rates moved up due to shifting market expectations. Home prices have stabilized somewhat, but with supply tight and rates stuck above six percent, affordable housing continues to be … Continue reading
For Week Ending April 8, 2023 Housing affordability is slowly improving, according to ATTOM’s Q1 2023 U.S. Home Affordability Report. Among the 572 counties analyzed, 94% of median-priced single-family homes and condos were less affordable than their historical averages in … Continue reading
The median sales price was unchanged at $355,000 The average market time was up 62.9 percent to 57 days New listings down 23.9 percent; pending sales down 27.9 percent (April 14, 2023) – According to new data from Minneapolis Area … Continue reading
April 13, 2023 Mortgage rates decreased for the fifth consecutive week. Incoming data suggest inflation remains well above the desired level but showing signs of deceleration. These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers … Continue reading
