For Week Ending July 22, 2023 Home prices hit a new high in May, rising a seasonally adjusted 0.7% month-overmonth, according to the latest Black Knight Home Price Index (HPI), marking the fifth consecutive monthly price increase. The report found … Continue reading
July 20, 2023 As inflation slows, mortgage rates decreased this week. Still, the ongoing shortage of previously owned homes for sale has been a detriment to homebuyers looking to take advantage of declining rates. On the other hand, homebuilders have … Continue reading
The median sales price was up 0.5 percent from last June to $382,000 Signed purchase agreements fell 10.8 percent; new listings down 16.5 percent Sellers accepted offers for an average of 101.3 percent of their list price (July 16, 2023) … Continue reading
For Week Ending July 8, 2023 Rental prices are beginning to decline, with rents for 0-2 bedroom properties dropping 0.5% year-over-year to $1,739 per month among the 50 largest metropolitan areas, according to Realtor.com’s most recent Monthly Rental Report, marking … Continue reading
