Buyer activity dropped 29.7 percent for pending sales and 23.9 percent for closings Median sales price of Twin Cities homes rose 6.3 percent to $362,000 Sellers received 98.9 percent of their original list price, on average (September 16, 2022) – … Continue reading
For Week Ending October 8, 2022 Mortgage application activity nationwide recently dropped to its lowest pace in 25 years, according to the Mortgage Bankers Association (MBA), with purchase and refinance applications down considerably compared to this time last year, when … Continue reading
October 13, 2022 Rates resumed their record-setting climb this week, with the 30-year fixed-rate mortgage reaching its highest level since April of 2002. We continue to see a tale of two economies in the data: strong job and wage growth … Continue reading
For Week Ending October 1, 2022 U.S. home prices are falling at the fastest rate since January 2009, according to recent data from Black Knight, as shifting market conditions have led many sellers to lower their asking price. Nationally, median … Continue reading
