August 25, 2022 The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market. Home sales continue to decline, prices are moderating, and consumer confidence is low. But, amid waning demand, there are … Continue reading
For Week Ending August 13, 2022 After declining for three consecutive quarters, the share of homebuyers actively searching for a home grew to 49% nationally in the second quarter of 2022, up from 46% the previous quarter, according to the … Continue reading
August 18, 2022 Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year. The market continues to absorb the cumulative impact of the large price … Continue reading
Median sales price was up 7.1 percent to $375,000, the slowest increase since June 2020 Buyer activity was down, pending sales fell 23.3 percent Homes took 22 days to sell, 15.8 percent longer than the 19 days last July (August … Continue reading
For Week Ending August 6, 2022 The average 30-year fixed rate mortgage dropped to 4.99% the week ending 8/4, marking the first time since April rates have dipped below 5%, according to Freddie Mac. With rates down the past two … Continue reading
