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 consumer, you probably felt the pinch at the gas pump and in…
DetailsToday’s market is turning, making working with a real estate professional more essential than ever. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here are five key reasons…
DetailsSome homeowners may be reluctant to sell their houses because they don’t want to lose their historically low mortgage rate on their current homes. You may even have the same hesitation if you’re thinking about selling your house. Data shows that 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s accurate that…
DetailsThe historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The…
DetailsIf you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you have questions…
DetailsIf you put off your home search over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to remember that while inventory is improving, it’s still a sellers’ market.…
DetailsIf you’re considering selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the market’s peak frenzy over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good…
DetailsWhether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the norm In 2021, home prices appreciated quickly—one reason is that record-low mortgage rates…
DetailsThe desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage…
DetailsIf you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars, which drove home prices up as buyers competed with one another to be the winning offer. But what was once your most significant challenge may now be your greatest opportunity. Today,…
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