APRIL 2023 RESIDENTIAL HOUSING MARKET UPDATE
What do home sellers and homebuyers need to know in the current market?
Mortgage rates are currently on a downward trend and economic indicators suggest that trend could continue. The Federal Reserve...
Uncategorized
What You Need to Know About Pre-Approval
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:
“In a preapproval [s...
MARCH 2023 – RESIDENTIAL HOUSING MARKET UPDATE
What the heck is happening to the housing market?
We’ve got bank crisis, inflation is increasing, the job market is holding strong, what does this mean for the housing market and for residential real estate? So, we’ve got a lot of things t...
February 2023 Residential Housing Market Update
The housing market is a roller coaster right now all thanks to mortgage rates!
The Fed's had their meeting on February 1st and the market responded favorably after the Fed's Fund rate increased by only a quarter percent, as expected.
The ...
Today’s Mortgage Standards Help Avoid a Housing Market Crash
Chances are that you've heard talk about an upcoming housing market crash. 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sen...
RESIDENTIAL HOUSING MARKET UPDATE – JANUARY 2023
Mortgage interest Rates are currently on a downward trend, so what could this mean for 2023?
We saw one of the hottest real estate markets in 2020 and 2021 where sellers had all the power, and in 2022 that power quickly shifted to buyers. Home...
OCTOBER 2022 – RESIDENTIAL HOUSING MARKET UPDATE
The housing market by definition is in a recession. We have seen pressure on home values month over month, new listings declining beyond seasonal trends, job losses across the mortgage industry, and the volume of transactions shrinking.
What...
The Drop in Mortgage Rates Brings Good News for Homebuyer
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent.
The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuy...