Homes in the Twin Cities in September continued to sell at higher prices than a year ago, even as high mortgage rates reduce residential real estate demand.
This September had just under 4,000 signed purchase agreements, about a 30% drop from September 2021, Minneapolis Area Realtors and Saint Paul Area Association of Realtors said in a Monday report. The median price for a home in the Twin Cities rose to $362,000 last month – a sizable jump of more than 6% from the year before, but a smalle...
Homes in the Twin Cities in September continued to sell at higher prices than a year ago, even as high mortgage rates reduce residential real estate demand.
This September had just under 4,000 signed purchase agreements, about a 30% drop from September 2021, Minneapolis Area Realtors and Saint Paul Area Association of Realtors said in a Monday report. The median price for a home in the Twin Cities rose to $362,000 last month – a sizable jump of more than 6% from the year before, but a smalle...
Limited inventory, investors looking to flip homes at a profit, and rising construction costs could be contributing to higher home prices.
The post Home Prices, at Record Highs, Continue Their Rise appeared first on SoFi.
Limited inventory, investors looking to flip homes at a profit, and rising construction costs could be contributing to higher home prices.
The post Home Prices, at Record Highs, Continue Their Rise appeared first on SoFi.
Stamp duty cut and pent-up demand help push average property price past £245,000House prices in the UK jumped to a new record last month, with the average price of a property rising beyond £245,000, according to one of Britain’s largest mortgage lenders.But Halifax, which is part of Lloyds Banking Group, cautioned that such strong price growth was unlikely to continue as unemployment was expected to keep rising and household earnings had been reduced by the Covid-19 pandemic. Continue readin...
Stamp duty cut and pent-up demand help push average property price past £245,000House prices in the UK jumped to a new record last month, with the average price of a property rising beyond £245,000, according to one of Britain’s largest mortgage lenders.But Halifax, which is part of Lloyds Banking Group, cautioned that such strong price growth was unlikely to continue as unemployment was expected to keep rising and household earnings had been reduced by the Covid-19 pandemic. Continue readin...
The existing home inventory in the Twin Cities is growing and sales are down compared to a year ago, but median sale prices for homes continue to increase.
The median home price in June was $380,000, a 9% jump from the same month 2021 and an increase of nearly a quarter since June 2020, according to a Monday report from two local Realtor associations. Despite increasing inventory and relatively slow sales, home shortages will continue to sustain strong offers and keep prices high, the report sa...
The existing home inventory in the Twin Cities is growing and sales are down compared to a year ago, but median sale prices for homes continue to increase.
The median home price in June was $380,000, a 9% jump from the same month 2021 and an increase of nearly a quarter since June 2020, according to a Monday report from two local Realtor associations. Despite increasing inventory and relatively slow sales, home shortages will continue to sustain strong offers and keep prices high, the report sa...
With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the MBA.
The post Mortgage applications nosedive as rates continue to soar appeared first on HousingWire.
With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the MBA.
The post Mortgage applications nosedive as rates continue to soar appeared first on HousingWire.
