For Week Ending March 14, 2020 After hitting a record low last week, rates on 30-year fixed-rate mortgages rose slightly this week according to Freddie Mac. A combination of an increase in rates in the bond market and high demand … Continue reading →
New data reveals fewer residential showings across most price ranges (March 19, 2020) – According to new data from the Saint Paul Area Association of REALTORS® and the Minneapolis Area REALTORS®, the number of Twin Cities residential real estate showings … Continue reading →
As the stock market declined, so did mortgage rates offering a bad new-good news situation.
For Week Ending March 7, 2020 A report released this week from property management software firm RealPage predicts a total of 371,000 new apartments to enter the market in 2020, which would be the highest level across the country’s 150 … Continue reading →
For Week Ending February 29, 2020 The U.S. Commerce Department reported this week that new-home sales rose 7.9% in January to a seasonally adjusted annual rate of 764,000 units, which is 18.6% higher than a year ago and the highest … Continue reading →
For Week Ending February 22, 2020 The ShowingTime Showing Index® for January saw a 20.2 percent year-over-year increase in showing traffic nationwide. All regions of the country were up double-digits from the year before, with the Midwest Region up 15.7 … Continue reading →
For Week Ending February 15, 2020 According to the latest REALTORS® Confidence Index Survey of more than 8,000 real estate respondents, one in four home sales faced a settlement delay in December 2019. Seventy-one percent closed on time and four … Continue reading →
For 2020, the National Association of REALTORS’ Chief Economist, Lawrence Yun, sees good news for home prices.
February 22, 2020 Latest housing report also shows falling inventory and rising prices According to the latest housing report from the Minneapolis Area REALTORS® and the Saint Paul Association of REALTORS®, Twin Cities residential real estate started 2020 on solid … Continue reading →
For Week Ending February 8, 2020 The impact of the spread of Coronavirus continues to grow as the 30-year fixed-rate mortgage fell to 3.51% last week. Lawrence Yun, chief economist at the National Association of REALTORS®, explained that the upper-end … Continue reading →