Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the whole picture. If you look at the national data for 2023, home prices showed positive growth for the year. While this varies by market, and there were some […]
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates confusion over home price headlines. A lack of homes for sale created some challenges for buyers and sellers looking to move. But what’s on the […]
According to Realtor.com, The US housing market affordability will improve in 2024, but challenges will remain. Home prices will drop, but the decline in mortgage rates will be limited. The lock-in effect from rates will persist, bringing little relief to the market’s lack of supply. Some relief is coming for the housing market next year, […]
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can be seen in the […]
The biggest challenge the housing market faces is how few homes are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these two significant issues in today’s housing market. […]
Today’s housing market is different than it was in 2008. Let’s connect if you’re concerned about a Housing crash so we can discuss why this isn’t like last time.