Buyer activity down 40.5 percent with 2,841 pending sales Median sales price of Twin Cities homes rose 4.1 percent to $354,000 Sellers continued to hesitate, with 17.0 percent fewer new listings in November (December 15, 2022) – According to new … Continue reading
December 15, 2022 Mortgage rates continued their downward trajectory this week, as softer inflation data and a modest shift in the Federal Reserve’s monetary policy reverberated through the economy. The good news for the housing market is that recent declines … Continue reading
For Week Ending December 3, 2022 Rising interest rates and higher sales prices have caused affordability to decline significantly this year, and U.S. homebuilders have taken note. New homes have been getting smaller throughout 2022, with the U.S. Census reporting … Continue reading
December 8, 2022 Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth. Over the last four weeks, mortgage rates have declined three quarters of a point, the largest decline since 2008. While the … Continue reading
For Week Ending November 26, 2022 The share of first-time homebuyers has fallen to an all-time low, with first-time buyers making up 26% of all buyers for the fiscal year ending June 2022, while the age of the typical first-time … Continue reading
December 1, 2022 Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes. Even as rates decrease and house prices soften, economic uncertainty continues to limit … Continue reading
