For Week Ending February 25, 2023 According to a recent National Association of Home Builders/Wells Fargo Housing Market Index (HMI) survey, building material prices were the most significant issue for US homebuilders last year, with 96% of builders reporting that … Continue reading
February 23, 2023 The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation. Our research shows that rate dispersion increases as mortgage … Continue reading
For Week Ending February 11, 2023 Nationally, the median age of owner-occupied homes is 40 years, according to the 2021 American Community Survey (ACS), the most recent survey available. Among owner-occupied homes, nearly half were built before 1979, while only … Continue reading
February 16, 2023 Mortgage rates moved up for the second consecutive week. The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing. Overall housing costs are also increasing and therefore impacting inflation, which continues … Continue reading
Median sales price of Twin Cities homes rose 2.7 percent to just under $342,000 Buyer activity down 19.3 percent with 2,560 pending sales Sellers listed 10.6 percent fewer homes compared to last January (February 15, 2022) – According to new … Continue reading
