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.
New Listings and Pending Sales
Inventory
Mortgage Rates Drop, Hitting a Record Low for the Eighth Time this Year
August 6, 2020
The resilience of the housing market continues as mortgage rates hit another all-time low, giving potential buyers more purchasing power and strengthening demand. We expect rates to stay low and continue to propel the purchase market forward. However, the main barrier to rising demand remains the lack of inventory, especially for entry-level homes.
Information provided by Freddie Mac.
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