For Week Ending November 12, 2022 Homeownership was up slightly in the third quarter of 2022, with the percentage of owner-occupied households rising 0.6 points from the same period last year to 66% nationally, according to Federal Reserve Economic Data … Continue reading
November 17, 2022 Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked. While the decline in mortgage rates is welcome news, there is still a long road ahead for the housing market. Inflation remains … Continue reading
Buyer activity dropped 37.7 percent with 3,611 pending sales Median sales price of Twin Cities homes rose 4.7 percent to $356,002 30-Year mortgage rates are averaging around 7.0 percent, the highest since 2002 (November 15, 2022) – According to new … Continue reading
For Week Ending November 5, 2022 With the average 30-year fixed-rate mortgage hovering around 7%, interest in adjustable-rate mortgages (ARM) continues to grow, as buyers look to save money any way they can. Freddie Mac reports the rate for a … Continue reading
November 10, 2022 As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to … Continue reading
For Week Ending October 29, 2022 Seller profits are beginning to ease, as home sales dip and sales prices soften nationwide. According to ATTOM, profit margins on median-priced single-family home and condo sales fell 3% from the second to the … Continue reading
