August 2024 – Residential Market Update
Inflation is under control and it's the moment we have all been waiting for... lower interest rates! The Federal Reserve is expected to lower the Feds Funds rate by .25% and maybe .50 percent in...
Posts Tagged ‘reports’
What Every Homeowner Should Know About Their Equity
Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than the...
Are Foreclosures On The Rise?
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble ...
GET READY TO BUY A HOME BY IMPROVING YOUR CREDIT SCORE
As the new year approaches, the idea of buying a home might be on your mind. It’s an exciting goal to set, and it's never too early to start laying the groundwork. One crucial step to prepare for homeownership is building a solid credit s...
DECEMBER 2023 – RESIDENTIAL MARKET UPDATE
Are home loan values expected to drop in 2024? This is a common concern in the real estate market, which is always evolving. Despite uncertainties for buyers and sellers, with low loan defaults, historically low housing inventory, and the Feder...
November 2023 – Residential Housing Market Update
The US economy is showing signs of softening, aligning with Federal Reserve's expectations over the past months. Consequently, the housing industry, which has been grappling with a recession since mid-2022, is experiencing significant relief.
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Helping Our Heros Achieve Their Homeownership Dreams
For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you care about has served in the military, it's essential to learn about this program and its advantages.
Th...
OCTOBER 2023 – RESIDENTIAL HOUSING MARKET UPDATE
Mortgage rates continue to rise, and inventory continues to decrease. The Federal Reserve will be meeting again on November 1st and the uncertainty on whether they will raise rates or not is causing mortgage rates to trend higher. Mixed messagi...
Mortgage Rates: Past, Present and, Possible Future
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a goo...
August 2023 Residential Housing Market Update
The bond market rallies as job reports come in lower than expected. When the bond market rallies so do mortgage rates, which are coming off a 20-year high. In a market that is always moving we welcome positive news.
If you're looking to buy ...