If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. So let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in… [Read More]
The True Strength of Homeowners Today
The real estate market is on just about everyoneâs mind these days. Thatâs because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called… [Read More]
SEP/OCT 2022 NEWSLETTER đď¸
Park City, Utah â a mansion fit for a Bond villain, or maybe Bond himself, is being constructed. While many of us were busy deciding whether or not to put on pants for our Zoom meetings (or months off) during the shutdown, Matt Alcone of Alcone Ventures bought some land for this surreal project. Based on the James Bond movie Spectre, this… [Read More]
Home Prices for 2023 đĄđ¸
Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long they will last. So if you’re asking yourself: what’s ahead… [Read More]
Check the Value of Your Home đĄđ°
While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth… [Read More]
Will My House Still Sell in Todayâs Market?
If recent headlines about the housing market cooling and buyer demand moderating have you worried youâve missed your chance to sell, hereâs what you need to know. First, buyer demand hasnât disappeared; itâs just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit… [Read More]
Is the Real Estate Market Slowing Down?
The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things slowing down, or is a crash coming? To answer… [Read More]
Buyers Can Do in Todayâs Housing Market
Tracing mortgage rates have defined the 2022 housing market. Unfortunately, rising rates have also become more costly to purchase a home. According to the National Association of Realtors (NAR): âCompared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.â If you’re thinking of buying a home or have… [Read More]
Expert Forecasts on Mortgage Rates
If youâve been thinking of buying a home, you may have been watching whatâs happened with mortgage rates over the past year. Theyâve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if nowâs the time to make your move,… [Read More]
Market Trends Report | SEP. ’22đş
All major statistical categories point towards the market slowing down. Days in the MLS went up 120 percent since last year at this time, and the close-price-to-list-price ratio dropped below 100 percent for the first time since July 2020 to 99.41 percent. Meanwhile, the median sales price decreased 2.54 percent from the previous month. âWhile… [Read More]