Market Updates

Aug. 12, 2024

Mortgage Rates Down a Full Percent from Recent High?

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks …

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Posted in Market Updates
July 29, 2024

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific …

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Posted in Market Updates
July 29, 2024

Homebuyer’s Monthly Payment Drops Lowest Level in 4 Months

Monthly housing payments are falling as mortgage rates decline, but many house hunters remain on the sidelines, with pending sales posting their biggest drop in nearly nine months. That’s because sale prices are still near record highs; additionally, some would-be buyers are wary of political and economic instability. 

The …

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Posted in Market Updates