If you’ve followed the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors determining housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a more optimistic economic… [Read More]
Want To Sell Your House? Price It Right.
Last year, the housing market slowed down in response to higher mortgage rates, which impacted home prices. So if you’re considering selling your house soon, you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the… [Read More]
Have Home Values Hit Bottom?
Whether you’re already a homeowner or looking to become one, the recent headlines about home prices may leave you with more questions than answers. First, news stories are talking about home prices falling, raising concerns about a repeat of what happened to prices in the crash in 2008. Based on those headlines, one of the… [Read More]
Housing Market Expectations in 2023🏡
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year…. [Read More]
Mortgage Rates and Home Prices🏡💰
Now that the end of 2022 is within sight, you may be wondering what will happen in the housing market next year and what that may mean if you’re considering buying a home. Here’s a look at the latest expert insights on mortgage rates and home prices so you can make your best move possible…. [Read More]
Key Factors Affecting Home Affordability
Whenever there’s a news segment about the housing market, we hear about the affordability challenges buyers face today. But, unfortunately, those headlines are focused on how much mortgage rates have climbed this year. And while its accurate rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here… [Read More]
Today’s Housing Market Isn’t Like 2008
With all the headlines and talk in the media about the shift in the housing market, you might think this is a housing bubble. So it’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is that factual… [Read More]
What’s Ahead for Home Prices? 🤔
Home price appreciation is also cooling as the housing market cools in response to the dramatic rise in mortgage rates. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving… [Read More]
Perspective When Selling Your House
Does the latest news about the housing market question your plans to sell your house? If so, perspective is critical. Here are some ways a trusted real estate professional can explain today’s shift and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While the supply of homes for… [Read More]
Questions Every Homebuyer Should Ask
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have increased dramatically since the beginning of the year. This leaves some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no… [Read More]