For Week Ending February 12, 2022 Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.69% the week ending February 10, up 14 basis points from a week earlier and a full point higher than the record low of 2.65% at … Continue reading
Metro-wide Inventory is down 24.2 percent since the start of 2021 Month’s Supply of Inventory (absorption rate) is at a record low, ~ 3 weeks of supply Median Sales Price rose 10.4 percent to $332,250 (February 15, 2022) – According … Continue reading
February 17, 2022 Mortgage rates jumped again due to high inflation and stronger than expected consumer spending. The 30-year fixed-rate mortgage is nearing four percent, reaching highs we have not seen since May 2019. As rates and house prices rise, … Continue reading
For Week Ending February 5, 2022 Despite falling temperatures and a surge in COVID-19 cases across the country, the U.S. real estate market remains active, with homes selling in record time due to robust buyer demand and a shortage of … Continue reading
