July 21, 2022 The housing market remains sluggish as mortgage rates inch up for a second consecutive week. Consumer concerns about rising rates, inflation and a potential recession are manifesting in softening demand. As a result of these factors, we … Continue reading
Median sales price reached a record $380,000 despite declining sales June inventory up 9.8 percent, a second consecutive year-over-year increase Softer demand led to longer days on market, up 5.0 percent to 21 days, on average (July 18, 2022) – … Continue reading
For Week Ending July 9, 2022 Homebuyers felt a tinge of relief recently as mortgage rates softened somewhat, with the 30-year fixed-rate mortgage falling from 5.7% to 5.3% the week ending July 7, the biggest one week decline since 2008, … Continue reading
July 14, 2022 Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags. With rates the highest in over a decade, home prices at escalated levels, and inflation continuing to impact consumers, affordability remains the main … Continue reading
For Week Ending July 2, 2022 According to the U.S. Census Bureau, Baby Boomers own 32 million homes, accounting for more than 40% of homes owned nationwide. As the second largest population group continues to age and transitions to other … Continue reading
