October 2024 Real Estate and Mortgage Report
The U.S. housing market is characterized by moderate inventory levels, with approximately 1.21 million existing single-family homes available. Despite rising inventory, affordability remains a significant challenge due to high mortgage rates and persistent home prices, leading to a slowdown in sales activity. Insights “We expect the economy to land softly and housing inventory to continue […]
January 2024 Real Estate and Mortgage Report
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 […]
What Lower Mortgage Rates Mean for Your Purchasing Power
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 […]
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 score. Lenders review your credit to assess your ability to make […]
Expert Quotes on the 2024 Housing Market Forecast
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 […]
December 2023 Real Estate and Mortgage Report
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 […]
November 2023 Real Estate and Mortgage Report
Topics: Introduction: Navigating the Current Market Home Price Trends: Stability Amidst Uncertainty Mortgage Rate Movements and Affordability The Rise of Multi-Generational Living Inventory and New Listings: A Glimmer of Hope The Future of Homeownership: Millennials and Gen Z Conclusion: Your Path to Homeownership VIEW THE REPORT Introduction: Navigating the Current Market In the November […]
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 good time to look at the big picture of where mortgage rates have […]
Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for concern. Why ARMs Have […]
August 2023 Real Estate and Mortgage Report
As the real estate landscape continues to evolve, it’s crucial for potential home buyers like you to have a clear understanding of the current market dynamics. In this month’s report, we delve into the intricate details of the real estate market as of August 2023. Drawing from expert insights and data-driven analysis, we will address […]
Momentum Is Building for New Home Construction
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built […]
Owning Your Home Helps You Build Wealth
You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time. Homeownership […]