For Week Ending April 8, 2023 Housing affordability is slowly improving, according to ATTOM’s Q1 2023 U.S. Home Affordability Report. Among the 572 counties analyzed, 94% of median-priced single-family homes and condos were less affordable than their historical averages in … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
Home prices flat, buyer and seller activity still well below last year
The median sales price was unchanged at $355,000 The average market time was up 62.9 percent to 57 days New listings down 23.9 percent; pending sales down 27.9 percent (April 14, 2023) – According to new data from Minneapolis Area … Continue reading
Mortgage Rates Decrease Slightly
April 13, 2023 Mortgage rates decreased for the fifth consecutive week. Incoming data suggest inflation remains well above the desired level but showing signs of deceleration. These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending April 1, 2023 The annual rate of US rent growth has continued to slow annually, with single-family rents increasing 5.7% as of last measure, the lowest level since spring 2021, according to Corelogic’s most recent Single-Family Rent … Continue reading
Mortgage Rates Trending Lower
April 6, 2023 Mortgage rates continue to trend down entering the traditional spring homebuying season. Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for … Continue reading
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