Spring is upon us. This historically means a busy time in the real estate industry. As the weather warms people considering a move are inspired. They will start to look at homes or get their homes ready to list. In the early 1900s, before brokers and agencies existed, buyers interested in a particular home would…
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…
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…
Last weekend, clocks sprung forward which brings longer days and soon warmer temperatures. This can trigger feelings associated with Spring Fever. While patiently waiting for the season to officially spring, I find myself wanting to clean, organize and freshen up inside. That way, my family is ready to relax and have fun 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…
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…
