My Neighborhood Market

For Week Ending October 5, 2024 According to the National Association of REALTORS® 2023 Profile of Home Buyers and Sellers, buyers moved a median distance of 20 miles to their new home last year, down from 50 miles the year … Continue reading →

October 10, 2024 Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April. However, the rise in rates is largely due to shifts in expectations and not the underlying … Continue reading →

For Week Ending September 28, 2024 The average rate on a 30-year fixed mortgage dropped to 6.08% the week ending September 26, 2024, the lowest level in two years, according to Freddie Mac. Rates have fallen one and a half … Continue reading →

October 3, 2024 The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market’s enthusiasm on rate cuts was premature. Zooming out to the bigger picture, … Continue reading →

For Week Ending September 21, 2024 Nationally, inventory was up 35.8% year-over-year in August, according to Realtor.com’s latest Monthly Housing Market Trends Report, with active listings now at the highest level since May 2020. As the number of homes for … Continue reading →