The inventory of homes actively for sale increased in 45 out of 50 of the largest metros compared with last year, and in four large metros, inventory was above pre-pandemic levels. With the anticipation of lower mortgage rates by the end of the year, home buyers could have more options and a bit more affordability. … Read more
If you’ve been thinking about buying a home, mortgage rates are probably top of mind for you. They may even be why you’ve put your plans on hold for now. When rates climbed near 8% last year, some buyers found the numbers just didn’t make sense for their budget anymore. That may be the case … Read more
The real estate market continues to exceed expectations. There are more than 1M fewer foreclosures in the last five years, home prices rose in 96 of the top 100 largest metropolitan areas over the last four quarters, and Americans are sitting on tremendous equity. Insights “Policymakers now risk committing another policy error, this time by … Read more
There is a narrative we must combat in the real estate market. The latest Fannie Mae report showed 24% of consumers believe their prices are going to depreciate over the last 12 months. We actually had a very strong 2023 and we’re going to finish this year between five and six percent appreciation. Insights … Read more
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really … Read more
The real estate market remains strong, bolstered by the recent drop of mortgage rates. Home prices are expected to continue their upward trajectory in 2024, with most markets reaching new price highs. Insights It appears that mortgage rates are now falling again. They will almost certainly not fall to pandemic lows, although we may soon … Read more
If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This recent … Read more
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 score. Lenders review your credit to assess your ability to make … Read more
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But … Read more
Topics: Introduction: Current State of the Real Estate Market 2024 Home Price and Sales Forecasts Mortgage Rates and Buyer Demand Home Affordability and Market Dynamics Opportunities for Home Buyers in the Current Market Conclusion: Invitation for Personal Consultation VIEW THE REPORT Introduction: Current State of the Real Estate Market As we approach the end of … Read more