Discover Benefits, News, & More

Stats at a Glance

August Median Price (Detached-Compared to Previous Month) 3.4% INCREASE
August Median Price (Attached-Compared to Previous Month) 5.8% INCREASE
August Sold Listings (Detached-Compared to Previous Month) 0.4% INCREASE
August Sold Listings (Attached-Compared to Previous Month) 5.2% INCREASE

Stay on Top of Local Statistics Easily with Our Market Statistics Program

Download the RealTOURS® App

For Caravan Listings at Your Fingertips

Sign Up With SDAR Today!
Sign Up With SDAR Today!

Impact of Fed Rate Hike is Expected to be Negligible

07-31-2023

On Wednesday, July 26, the Federal Reserve again decided to raise interest rates for the 11th time in 17 months in a continuing effort to counter inflation. Even though the hike bumped interest rates from 5.1% to 5.3%, the actual impact on the mortgage rates should be minor, at most.

While the federal reserve’s interest rates do play an important role in determining mortgage rates, they are independent of one another, and mortgage rates are created from a combination of financial markets and individual application details.

Read more.

press releases

admin August Median Price (Detached-Compared to Previous Month) 3.4% INCREASE August Median Price (Attached-Compared to Previous Month) 5.8% INCREASE August Sold Listings (Detached-Compared to Previous Month) 0.4% INCREASE August Sold Listings (Attached-Compared to Previous Month) 5.2% INCREASE