Market Updates

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. 9, 2022

What is ahead for mortgage rates and prices

 

 

 

Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates ...

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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. 26, 2022

Comparing the 2008 market vs 2022

 

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008 ...

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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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Oct. 12, 2022

What experts are saying about the fall housing market

 

    Money: Shutterstock

 

 

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall.

To help you make a ...

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Oct. 4, 2022

The cost of waiting for mortgage rates to do down

 

 

Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans.

The Impact of ...

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Sept. 27, 2022

Understanding inflation and mortgage rates

 

 

 

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one.

Inflation and the Housing Market

This year, inflation reached a high not seen in forty years. For the average ...

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