For Week Ending June 11, 2022 To help fight rising inflation, which hit 8.6% as of last measure, the Federal Reserve raised interest rates by three quarters of a percentage point, the largest interest rate hike in 28 years. The … Continue reading
June 16, 2022 Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987. These higher rates are the result of a shift in expectations … Continue reading
There were 6,766 homes on the market at the end of May, 5.3 percent more than May 2021 Median Sales Price reached a record $375,000, up 9.0 percent from last May Pending Sales were down 11.8 percent from last year’s … Continue reading
For Week Ending June 4, 2022 The slowdown in the U.S. housing market is causing lumber prices to plummet. Nationally, lumber prices fell 12% the week ending June 3 and are down 47% year-to-date, representing a 65% decline from 2021’s … Continue reading
