March 27, 2023 Today Matters by Realtor Michael Mahoney

For today, Mike will cover the classes for the week, share a Ninja Selling video, cover MAR most recent report and NAR existing home sales report and finally mortgages

Classes for the Week from REAL Acdademy

Sign up for ►►classes here

►►Ninja Selling Video to Get You Started for the Week

February Monthly Indicators from Mass Association of Realtors (Report Here)

National Association of Realtors Existing Homes Report (►Report Here)

Key Highlights

• Existing-home sales jumped 14.5% in February to a seasonally adjusted annual rate of 4.58 million, snapping a 12-month slide and representing the largest monthly percentage increase since July 2020 (+22.4%). Compared to one year ago, however, sales retreated 22.6%.
• The median existing-home sales price decreased 0.2% from the previous year to $363,000.
• The inventory of unsold existing homes was unchanged from the prior month at 980,000 at the end of February, or the equivalent of 2.6 months' supply at the current monthly sales pace.
  
  

Most Recent Mortgage Rates and Commentary (►Link Here)

MARCH 23, 2023
Mortgage rates continued to slide down as financial market concerns came to the fore over the last two weeks. However, on the homebuyer front, the news is more positive with improved purchase demand and stabilizing home prices. If mortgage rates continue to slide over the next few weeks, look for a continued rebound during the first weeks of the spring homebuying season. See the full report from Freddie Mac more commentary from Mortgage News Daily