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 biggest story in real estate hasn’t changed much over the past few months. Inventory of homes for sale remains low, while demand remains high. It doesn’t appear this tale is set for a plot twist anytime soon either. According to several recent blog posts since the turn of the year from Keeping Current…
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.…
If you live in a hot real estate market, the rumor mill is constantly spinning. Neighbors share stories about houses selling way over asking price, sight unseen! For sellers, these stories are encouraging but often misleading. Many of these home-sale tales are anomalies. Not every seller will see the same results; especially if they price…
There’s no denying we are still in a sellers’ market; and if market conditions remain steady, we will be for some time. However, there is a silver lining for homebuyers…inventory levels may be trending up. This can be a positive for both buyers and sellers, but means sellers will want to make sure their home…
The current housing market has many buyers and potential buyers frustrated. As prices drive higher and inventory seems nonexistent, they are feeling like something has to give…this bubble has got to burst. According to the National Association of Realtors chief economist, Lawrence Yun, in a recent Axios.com story, we are not in a bubble. “It…
This past weekend, we celebrated the first day of spring with warmer temps and sunny days. Typically, spring marks the hottest time for the housing market. The temperature is not the only thing continuing to rise, however. Homeowners are also seeing major gains in home equity according to a recent Infographic produced by Keeping…
