Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off. Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. […]
Powerful Job Market Fuels Homebuyer Demand
Powerful Job Market Fuels Homebuyer Demand – The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing […]
What You Need To Know About Home Price News
Here is what you need to know about home price news. The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price […]
The Impact of Inflation on Mortgage Rates
The Impact of Inflation on Mortgage Rates. If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While […]
A Recession Doesn’t Equal a Housing Crisis
A Recession Doesn’t Equal a Housing Crisis. Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a […]
What You Should Know About Closing Costs
Here’s what you should know about closing costs. Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your […]
3 Factors That Affect Home Affordability
3 Factors That Affect Home Affordability. If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly […]
3 Best Practices for Selling Your House This Year
A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one, here are the 3 best practices for selling your house this year. A […]
Avoid the Rental Trap in 2023
Here’s how to avoid the rental trap in 2023. If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of […]
What To Expect From the Housing Market in 2023
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. Here’s What To Expect From the Real Estate Housing Market in 2023. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage […]