December 22, 2022 Heading into the holidays, mortgage rates continued to move down. Rates have declined significantly over the past six weeks, which is helpful for potential homebuyers, but new data indicates homeowners are hesitant to list their homes. Many … Continue reading
For Week Ending December 10, 2022 Conforming loan limits on mortgages acquired by Fannie Mae and Freddie Mac will increase in most of the United States to $726,200 in 2023, up from $647,200 in 2022, according to the Federal Housing … Continue reading
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
