According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings up […] The average 30-year loan jumped from 5.23% to 5.78% two weeks ago. According to Freddie Mac, this was the most significant one-week surge in over three decades. So should you pause your home search? We have had nearly two years of record-low mortgage rates, and it feels shocking to see interest rates rising above 6%. […] There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point. […] You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate […] CONTRACTS Contract activity in May 2022 was down 18.0% from May 2021 and was down in all price categories. Through the first five months of the year, contract activity is down 13.8%. The average number of days on the market for homes receiving contracts was just 13 days in May 2022, down from 15 days […] CONTRACTS Contract activity in April 2022 was down 13.3% from April 2021 and was down in five price categories. Through the first four months of the year, contract activity is down 12.4%. The average number of days on the market for homes receiving contracts was just 12 days in April 2022, down from 16 days […] Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge […] According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data […] Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Connect with a local real estate professional so you can make your best […] Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to […]
Category Archives: Uncategorized
What Does an Economic Slowdown Mean for the Housing Market?
What’s Going on with Loan Rates?
A Key Opportunity for Homebuyers
Two Reasons Why Today’s Housing Market Isn’t a Bubble
MARKET CONDITIONS FOR MAY 2022
Market Conditions for April 2022
Don’t Let Rising Inflation Delay Your Homeownership Plans
Are There More Homes Coming to the Market?
2022 Housing Market Forecast
Three Tips for First-Time Homebuyers
