For Week Ending July 25, 2020 The Mortgage Bankers Association reported that their Purchase Index of mortgage applications was 19 percent higher than the same week one year ago. Continued high levels of home purchase mortgage applications suggests that home … Continue reading →
For Week Ending July 18, 2020 The latest figures released by the Department of Commerce show total housing starts in June rose 17.3% to a seasonally adjusted annual rate of 1.19 million units, with single-family units leading the way with … Continue reading →
Even as hopes of a phased June reopening all but faded, real estate activity continued to strengthen.
For Week Ending July 11, 2020 Mortgage rates continue to hit new lows. This week, mortgage giant Freddie Mac reported that rates on a 30-year fixed-rate mortgage fell to a new record low of 3.03% with an average of .8 … Continue reading →
New Highs For Showings Suggest Further Strengthening, Though Inventory Still A Challenge (July 16, 2020) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, market activity in the 16-county Twin Cities … Continue reading →
For Week Ending July 4, 2020 With healthy buyer demand and constrained supply, showing and offer activity continue to be high with many properties receiving multiple offers. Holiday weeks often provide a short reprieve from the normal busy summer selling … Continue reading →
For Week Ending June 27, 2020 The National Association of REALTORS® shared in their latest REALTORS® Confidence Index Survey of more than 4,000 members that there were nearly three offers for every home sold in May, which is up from … Continue reading →
For Week Ending June 20, 2020 Housing starts in May rose 4.3% to an annual rate of 974,000, its first increase since January and up from a five-year low of 934,000 in April. The increase was less than expected by … Continue reading →
Mortgage rates are hovering near all-time lows, spurring strong interest in buyers.
For Week Ending June 13, 2020 New unemployment insurance weekly claims declined again this week, coming in at a little over 1.5 million claims. This is down substantially from more than 6 million claims posted per week in late March … Continue reading →