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Wednesday October 4, 2023

THE MINNESOTA HOUSING INDUSTRY NEWS SOURCE BY HOUSING FIRST MINNESOTA

Tag: Zonda

  • Location still number one desired feature for homebuyers

    Location still number one desired feature for homebuyers

    According to a recent consumer survey by Zonda location is still the number one feature homebuyers are looking for in their new home, followed by home design and price. Zonda principal Mollie Carmichael shared her insights on the new survey results fromover 60,000 consumers during her most recent outlook webinar on 2023 consumer trends. “It’s… Read More

  • Housing inventory remains low even as housing market shifts

    Housing inventory remains low even as housing market shifts

    Across the country rising mortgage rates and inflation have had a stifling impact on the housing market. It is no surprise when considering that from the start of the year, mortgage rates have more than doubled, increasing from 3% in January to rates now over 6% this fall. Permits for new single-family homes have fallen… Read More

  • Not all housing markets are the same

    Not all housing markets are the same

    As mortgage rates hurdled over 6% in September, the highest level on record since the Great Recession, buyers are starting to become more hesitant during their home search. Many buyers are even being completely priced out of the market. Concerns over rising interest rates, delays in project timelines, rising construction costs, labor shortages and other… Read More

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