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 →
New highs for showings hint at buyer confidence, but supply questions remain (June 18, 2020) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, market activity was down from last May … Continue reading →
For Week Ending June 6, 2020 Continued low mortgage rates have boosted mortgage applications from prospective home buyers. The Mortgage Bankers Association reported that mortgage applications to purchase a home rose 5% last week, which is 18% higher than applications … Continue reading →
For Week Ending May 30, 2020 Buyer activity continues to improve as states and localities slowly open up. ShowingTime is reporting that nationally, showing activity has been climbing since mid-April and is now at or above the same time last … Continue reading →
For Week Ending May 23, 2020 Mortgage rates have now been below 3.30 percent for four consecutive weeks, according to the latest update from Freddie Mac. These near-record low rates have been a catalyst for the recovering buyer activity in … Continue reading →
For Week Ending May 16, 2020 More than 4.1 million homeowners are now in mortgage forbearance plans, according to the Mortgage Bankers Association’s latest survey. Homeowners affected by COVID-19 with a federally backed home loan can delay mortgage payments for … Continue reading →
April’s median sales price was up 8.9% compared to April of last year.
Buyer interest remains strong amid decline in listings and pending sales (May 21, 2020) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, both buyer and seller activity was down in … Continue reading →