Following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week’s survey.
For Week Ending September 2, 2017
Market trends have remained steady for the last couple of years, which has allowed residential real estate to flourish in terms of sales activity and buyer demand. Even when total sales are not measuring forward in year-over-year comparisons, it is evident that the market is responding positively to wider economic indicators. Higher prices, fewer days on market and lower months of supply are all usual indicators of healthy activity.
In the Twin Cities region, for the week ending September 2:
For the month of July:
All comparisons are to 2016
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
The 10-year Treasury yield fell 9 basis points this week, reaching a new 2017-low for a second consecutive week. The 30-year mortgage rate followed, dropping 4 basis points to a year-to-date low of 3.78 percent.
For Week Ending August 26, 2017
Conversationally speaking, it has been a busy and exciting summer for residential real estate. Much has been said about low supply, higher prices and speedy sales, but the truth of the matter is that buyers are snatching up desirable homes no matter the trends. Good transactions are occurring with smart lending practices. Although more inventory would be useful, the market is finding a way to succeed.
In the Twin Cities region, for the week ending August 26:
For the month of July:
All comparisons are to 2016
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
For Week Ending August 19, 2017
With each passing August day, fewer households with school-aged children are willing to embark upon a big move for fear of unsettling kids from the important routines that lay the groundwork for a good education. But savvy sellers and buyers know that there are good deals to be made in August and well into the school months, as household formations take on many shapes and sizes.
In the Twin Cities region, for the week ending August 19:
For the month of July:
All comparisons are to 2016
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
