Covid19

Aug. 30, 2023

How strong is buyer traffic?

 

 

 

 

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.

The  ...

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Jan. 18, 2023

Did real estate values already hit bottom

 

 

 

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in ...

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Jan. 4, 2023

Buying or selling... the spring market is NOW

 

 

 

 

 

Historically, the last few weeks of the year aren’t the most active on the real estate calendar. But the spring market, which can begin as early as mid-January, brings a spike in activity from both buyers and sellers. Changing market conditions will make this coming ...

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Dec. 28, 2022

What you need to know about applying for a mortgage

 

 

 

 

 

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying ...

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Dec. 7, 2022

Strategize now to sell in the spring (January)

 

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Historically, the last few weeks of the year aren’t the most active on the real estate calendar. But the spring market, which can begin as early as mid-January, brings a spike in activity from both buyers and sellers. Changing market conditions will make this ...

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Nov. 30, 2022

Are foreclosures coming?

 

 

 

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the ...

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Nov. 23, 2022

Lets discuss mortgage rates

 

 

 

 

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage ...

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Nov. 16, 2022

Why does your home equity make you strong

 

 

 

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First Americansays:

“. . . don’t expect a housing bust like the mid-2000s, as lending standards in ...

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Nov. 2, 2022

Mortgage rate expectations into 2023

 

Mortgage Rate Trend Chart 2022 October 27

 

After more than doubling this year, mortgage rates are expected to retreat in 2023, according to an updated forecast from the Mortgage Bankers Association.

MBA’s economists also said they expect the US to enter into a recession in the first part of next year that will be driven ...

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Oct. 19, 2022

Supply and demand update

 

 

 

 

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point.

The graph below helps tell the story ...

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