There is a lot of fear in the media these days: Zillow is reporting the first dip in home values since 2012 and CNET is projecting that fixed rate mortgages are going to stay on the rise. But what does all this mean? Let’s unpack these headlines:
With all the hype regarding home values over the past couple years, a lot of people are worried that we are in another housing bubble. As the market shifts, it’s easy to have concerns that things may turn the way they did in 2008. On the contrary, there is some serious data indicating that our current market is nothing like 2008.
At some point in 1929, Joe Kennedy went to get his shoes shined. You may be familiar with his sons, John Fitzgerald, Robert, and Edward as they have dabbled in public office. Being a patron of polite society, Joe frequented
With the mortgage forbearance clauses of the CARS act winding down, it’s easy to wonder if housing values are going to collapse due to a flood of foreclosed properties much like it did in the month following the mortgage crisis of 2008.
As we wrap another crazy year for real estate, there’s one big question on everyone’s minds right now: will the 2022 housing market continue to follow the same trajectory, or are we facing a possible downturn? In today’s market, the most powerful tool you have to beat your competition is knowledge. So, let’s take a deep dive into what leading real estate experts are projecting for 2022 so you have the confidence you need to crush your goals this year.
As the economy recovers from the effects of the COVID pandemic, mortgage applications still remain about 18% lower than one year ago, according to CNBC- likely due to a continued shortage of available homes for sale. While the Federal Reserve intends to ease its purchasing of government-backed bonds by the end of the year, we can expect interest rates to remain consistently low, at least in the short term.
The California Association of Realtors recently published their July Housing Sentiment Index- a monthly survey of 1,000 consumers regarding various economic factors that affect the housing market. While the overall index dropped only one point to 71 since June, there
After near-record lows in the month of July, interest rates are on track to bounce back up towards where they were this spring. Additionally, the number of new listings on the market as well as closed home sales continues to