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July 3, 2025
The average 30-year fixed-rate mortgage decreased for the fifth consecutive week. This is the largest weekly decline since early March. Declining mortgage rates are encouraging and, while overall affordability challenges remain, more sellers are entering the market giving prospective buyers an advantage.
Information provided by Freddie Mac.
For Week Ending June 21, 2025
Housing inventory increased 31.5% year-over-year, according to Realtor®.com’s May 2025 Monthly Housing Market Trends Report, as the number of homes for sale topped 1 million for the first time since Winter 2019. Inventory rose year-over-year in all four regions, with the largest gain in the West (40.7%), followed by the South (32.9%), the Midwest (22.9%), and the Northeast (19.0%).
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 21:
FOR THE MONTH OF MAY:
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
June 26, 2025
Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April. Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market.
Information provided by Freddie Mac.
For Week Ending June 14, 2025
Median priced single-family homes and condos were less affordable compared to historical averages in 97% of counties nationwide in the first quarter of 2025, according to ATTOM’s Q1 2025 U.S. Home Affordability Report. Major homeownership expenses take up 32.5% of the average national wage, which remained about the same as the fourth quarter of 2024, but is up from 31.4% a year ago.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 14:
FOR THE MONTH OF MAY:
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.