With the Federal Reserve announcing another rate hike last week, we are watching to see what this will mean for mortgage rates and the housing market in general. The good news, it appears this may be the last hike according to several articles we found online. Okay, no one can guarantee what the Fed will…
For many looking to move, current market conditions and mortgage rates have them feeling like this goal is unattainable. Home prices continue to rise and mortgage rates are hovering around 6%, with no sign of relief for either. While buying a home right now is more expensive, it is not completely out of your grasp…
Interest Rate Hikes Lead to Questions With yesterday’s news that the Federal Reserve (aka the Fed) may raise interest rates again, many homebuyers may be considering what their next move is. Do they continue to house hunt? Is now still the right time to buy a home? Should they leap at the next house that…
The New Year is in full swing and after a hectic holiday season many are reflecting on intentions and goals for the year ahead. If buying or selling a home is on your vision board for 2023, it’s important to understand today’s housing market, outline your long term goals, and work with industry experts in…
As 2022 comes to a close and we sit back to reflect on the ups and downs of this year’s housing market, we can’t help but wonder what’s in store for 2023. According to several articles and predictions we’ve browsed, 2023 could be tough for both buyers and sellers. A recent article posted on Bankrate…
Note: This article by Lawrence Yun has been reprinted from the Spring 2022 issue of Realtor Magazine, with permission of the National Association of REALTORS®. Calmer Market Ahead Expect some easing in sales, though prices will continue to inch higher By Lawrence Yun (originally printed in the Spring 2022 issue of Realtor Magazine) The…
In today’s post we address mortgage rates, where they are headed and what this will mean for the real estate industry; particularly buyers, sellers and home prices. Mortgage rates were expected to rise in 2022. At an all-time low in 2021, many forecasted that mortgage rates would rise gradually and end this year in the…
The real estate market over the past few years – dare I say real estate’s COVID years – have been a lot of the same for all parties involved: record high home prices, lack of inventory and crazy bidding wars. All of this brings feelings of uncertainty and doubt for sellers and buyers, and…
As we enter the New Year, it’s a time for predictions. What will the 2022 real estate market look like? If you are planning on buying or selling this year, we know this question is top of mind. While no one can predict the future, it seems we may see some similarities to 2021.…
Homebuyers have had it rough over the past year, particularly in early 2021. With the prevailing market conditions favoring sellers, like low inventory and bidding wars, many are feeling discouraged about the home buying process. If you are one of those buyers, don’t give up on the search for your dream home just yet.…
