The year 2022 made history in the real estate market in several ways. Unprecedented numbers were seen in home prices, number of sales, and rise in mortgage rates. It’s early 2023, and we are in the midst of a significant market shift where home prices are declining month over month, and mortgage rates are still… Continue Reading
If you’ve been following the news, you know that the Federal Reserve has been raising interest rates. The Fed’s efforts to bring inflation under control by raising interest rates affect many aspects of our lives in a very real way. In particular, Fed policy impacts home affordability and sales activity. But before we dive into… Continue Reading
We continue to look at the housing market shift this week. Last week we covered the impact that rising rates, shrinking affordability, and increasing supply of homes are having on the market. We specifically covered some fundamentals that make certain geographic areas more vulnerable to a crash than others. Today, we will look at three… Continue Reading
It’s October 2022, and the housing reports for the 3rd quarter of 2022 are out. It is no surprise that the housing market has been cooling down over the past few months. What is a bit of a shock is just how drastic the change has been in some areas of the country. Real Estate… Continue Reading
The decision to keep renting or to buy a home is one of the most significant decisions adults will make in a lifetime. As we currently face one of the most challenging times in housing history, deciding whether to do one or the other seems even more complex. The younger generation looking to move out… Continue Reading
Current reports on housing from multiple sources indicate that the housing market’s future is unlikely to be the same as its recent past. Over the last decade, the US housing market has seen a run-up in home prices unlike any other time in history. Many experts predict that the coming correction will not be as… Continue Reading