Inventory
Weekly Market Report
For Week Ending January 9, 2021
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey reported that 5.53% of mortgage loans remained in forbearance as of December 27, 2020. While the forbearance rate is down significantly from its highest levels in 2020, the MBA estimates the current rate represents 2.7 million homeowners currently in forbearance plans.
In the Twin Cities region, for the week ending January 9:
- New Listings decreased 8.3% to 927
- Pending Sales increased 1.3% to 636
- Inventory decreased 39.8% to 5,098
For the month of December:
- Median Sales Price increased 10.0% to $307,000
- Days on Market decreased 30.4% to 39
- Percent of Original List Price Received increased 2.5% to 99.7%
- Months Supply of Homes For Sale decreased 47.1% to 0.9
All comparisons are to 2020
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Mortgage Rates Tick Up
January 14, 2021
As Treasury yields have risen, it is putting pressure on mortgage rates to move up. While mortgage rates are expected to increase modestly in 2021, they will remain inarguably low, supporting homebuyer demand and leading to continued refinance activity. Borrowers are smart to take advantage of these low rates now and will certainly benefit as a result.
Information provided by Freddie Mac.
New Listings and Pending Sales
Inventory
Existing Home Sales
Mortgage Rates Inch Up
August 20, 2020
Purchase housing demand continues to accelerate, ultimately providing support to an economy that otherwise has stagnated. The surge in sales led to a rapid increase in the demand for remodeling and home furnishings as consumers look to renovate while adjusting to home life during COVID.
Information provided by Freddie Mac.
New Listings and Pending Sales
Inventory
Mortgage Rates Move Up
August 13, 2020
Homebuyer demand remains strong, especially for those in search of an entry-level home where the improvement in affordability via lower mortgage rates has a material impact. Even with this week’s uptick, very low rates are providing a significant boost to the housing market that continues to hold up well during this time of uncertainty.
Information provided by Freddie Mac.
- « Previous Page
- 1
- …
- 83
- 84
- 85
- 86
- 87
- …
- 89
- Next Page »
