For Week Ending April 9, 2022 Rising mortgage interest rates are taking a toll on borrowers, having increased more than 1.5 points since the beginning of the year, the fastest three-month rate increase since 1994, according to Freddie Mac. The … Continue reading
Supply is down during the worst inventory shortage in decades Median Sales Price reaches a record $353,000 Median days on market is up marginally compared to the frenzy of 2021 (April 15, 2022) – According to new data from Minneapolis … Continue reading
April 14, 2022 This week, mortgage rates averaged five percent for the first time in over a decade. As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the … Continue reading
For Week Ending April 2, 2022 The median national home price recently hit a new all-time high of $405,000 in March, a 13.5% increase annually, according to Realtor.com’s latest Monthly Housing Trends Report. As home prices continue to rise, the … Continue reading
April 7, 2022 Mortgage rates have increased 1.5 percentage points over the last three months alone, the fastest three-month rise since May of 1994. The increase in mortgage rates has softened purchase activity such that the monthly payment for those … Continue reading
