For Week Ending October 15, 2022 Median national rents fell slightly to $1,759 in September, marking the second consecutive month rents have dropped, according to a recent report from Realtor.com. Although median rents remain 7.8% higher than a year ago, … Continue reading
October 20, 2022 The 30-year fixed-rate mortgage continues to remain just shy of seven percent and is adversely impacting the housing market in the form of declining demand. Additionally, homebuilder confidence has dropped to half what it was just six … Continue reading
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
