Blog
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Home Sales Fall with Rising Mortgage Rates
Local Market Update – July 2023 Affordability constraints have continued to limit home buying activity this summer, with existing-home sales falling 3.3% month-over-month nationwide as…
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Homes Sales Cool Off in Summer Season
Local Market Update – June 2023 Temperatures are heating up, yet the U.S. housing market remains cooler than usual for this time of year due…
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Inventory Shortage Contributes to Decline in Homes Sales
Local Market Update – May 2023 Existing-home sales slid for the second consecutive month, falling 3.4% nationwide as of last measure, according to the National…
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Local Inventory Remains Tight as Rates Cause Buyers to take Pause
Local Market Update – April 2023 U.S. existing-home sales declined 2.4 percent month-over-month as of last measure, according to the National Association of REALTORS® (NAR),…
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US Home Sales Increase, While Year-Over-Year Prices Decrease
Local Market Update – March 2023 Nationally, existing home sales jumped 14.5% month-over-month as of last measure, the first monthly gain in 12 months, and…
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Affordability Limits Homebuyer Activity Heading into Spring Market
Local Market Update – February 2023 In its continued effort to curb inflation, the Federal Reserve raised its benchmark interest rate in February by a…
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Buyers & Sellers Remain Cautious as Market Rebalances
Local Market Update – January 2023 The US housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious…
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2022 Closes on a Softening Housing Market
Local Market Update – December 2022 2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices…
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Many Buyers & Sellers On Hold as Winter Market Slows
Local Market Update – November 2022 Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to…
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Housing Market Undergoing Major Shift
Local Market Update – October 2022 Existing home sales declined nationwide for the eighth consecutive month, falling 1.5% as of last measure, according to the…