Blog

• Weekly Market Report
  For Week Ending September 24, 2022 Lumber prices plunged to their lowest level in more than two years following the Federal Reserve’s 75-basis-point rate hike last week, as soaring mortgage interest rates and the slowdown in the US housing market … Continue reading →
• Weekly Market Report
  For Week Ending September 17, 2022 Mortgage rates topped 6% the week ending 9/15, as hotter-than-expected inflation helped push rates to their highest level since 2008 amid growing recession concerns. According to Freddie Mac, mortgage rates are now double what … Continue reading →
• Home price growth slows as market times rise and demand cools
  Median sales price was up just 5.6 percent to $369,750, the smallest gain since June 2020 Buyer activity pulled back as pending sales fell 23.8 percent Homes took 26 days to sell, 18.2 percent longer than the 22 days last … Continue reading →
• Weekly Market Report
  For Week Ending August 20, 2022 Rents continue to soar to new highs amid low vacancy rates, with the median rent hitting $1,879 in the 50 largest U.S. metropolitan areas in July, a 12.3% increase from the same time last … Continue reading →
• July Monthly Skinny Video
• Weekly Market Report
  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 →
• Higher rates continue to cool demand, home prices still on the rise
  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 →
• Weekly Market Report
  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 →
• Weekly Market Report
  For Week Ending July 30, 2022 As housing supply continues to increase across the country, prospective buyers’ housing expectations are on the rise as well, with the National Association of Home Builders (NAHB) reporting the share of prospective buyers expecting … Continue reading →
• Weekly Market Report
  For Week Ending July 23, 2022 Mortgage applications declined for the fourth straight week, falling 1.8 percent from the previous week and marking the lowest level of activity since February 2000, according to the Mortgage Bankers Association. Increasing mortgage rates, … Continue reading →