Trends

The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year spike in home prices, with the national median sale price... Keep Reading....
Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11
Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11.   The Market Composite Index saw a miniscule 0.1 percent uptick on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index... more
The national median existing single-family home price rose by 6.2 percent year-over-year during the second quarter, according to new data from the National Association of Realtors (NAR)
The national median existing single-family home price rose by 6.2 percent year-over-year during the second quarter, according to new data from the National Association of Realtors (NAR). The median home price in the second quarter was $255,600, which surpassed the third quarter of 2016 price of $... more
The search for affordable homeownership opportunities is forcing more people to search outside of the metro market where they reside, according to new data from Redfin
The search for affordable homeownership opportunities is forcing more people to search outside of the metro market where they reside, according to new data from Redfin.   The second quarter edition of the Redfin Migration Report determined that 21 percent of Redfin.com were mostly search for homes... more
Wells Fargo has quietly laid off 40 Des Moines-area employees in its home mortgage division.   The Des Moines Register obtained state records confirming the layoffs, which the San Francisco-headquartered company did not publicly announce. Wells Fargo is the largest employer in the Des Moines area... more