Wood Markets News


Canadian Home Sales Inch Higher in December 2022

The Canadian Real Estate Association reported on Monday that home sales recorded over Canadian MLS® Systems moved 1.3% higher between November and December 2022. The actual (not seasonally adjusted) number of transactions in December came in 39.1% below the near record high in December 2021.

Homes Selling at Slowest Pace Since April 2020

Redfin reported on Friday that homes are selling at their slowest pace since April 2020. In the four-week period ending on January 8th, the typical home sold was on the market for 44 days, which in turn has led to the largest annual inventory increase on record.

Fixed-Rate Mortgages Move Lower

Freddie Mac has released its Primary Mortgage Market Survey® for the week ending January 12, 2023. The 30-year fixed-rate mortgage averaged 6.33%, down from last week when it averaged 6.48%. A year ago at this time, the 30-year rate averaged 3.45%.