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FEBRUARY 2024 – RESIDENTIAL MARKET UPDATE

Published: February 21, 2024
Mortgage Rates are trending downward, but the recent spike has some buyers feeling discouraged. The Fed's have signaled that they will be reducing the Fed's funds rate in 2024 and the bond market rallied, which signifi...

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JANUARY 2024 – RESIDENTIAL MARKET UPDATE

Published: January 17, 2024
The Fed's say the economy is cooling and the rate of inflation is falling.  What does this mean for mortgage rates and the housing market in 2024? As I write this today (Jan 12th), rates are the lowest they have been in six months, which are ...

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DECEMBER 2023 – RESIDENTIAL MARKET UPDATE

Published: December 18, 2023
Are home loan values expected to drop in 2024? This is a common concern in the real estate market, which is always evolving. Despite uncertainties for buyers and sellers, with low loan defaults, historically low housing inventory, and the Feder...

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November 2023 – Residential Housing Market Update

Published: November 30, 2023
The US economy is showing signs of softening, aligning with Federal Reserve's expectations over the past months. Consequently, the housing industry, which has been grappling with a recession since mid - 2022, is experiencing significant rel...

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OCTOBER 2023 – RESIDENTIAL HOUSING MARKET UPDATE

Published: November 4, 2023
Mortgage rates continue to rise, and inventory continues to decrease. The Federal Reserve will be meeting again on November 1st and the uncertainty on whether they will raise rates or not is causing mortgage rates to trend higher. Mixed messagi...

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SEPTEMBER 2023 – RESIDENTIAL HOUSING MARKET UPDATE

Published: October 5, 2023
I coach U8 girls soccer and one of the things I say to keep them focused is, "If the ball is moving, you're moving". The game strategy is always changing based on the location of the soccer ball, and in many ways, the housing market is the same...

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TODAY’S HOUSING INVENTORY IS A SWEET SPOT FOR SELLERS

Published: July 6, 2023
One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at t...

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Residential Housing Market Update – June 2023 Newsletter

Published: June 27, 2023
ARE WE SEEING A PIVOT IN THE ECONOMY? After 10 consecutive rate hikes, the Federal Reserve did not raise interest rates at the June 14th meeting. Right now, the Federal Reserve rate is currently at 5.25%, and the Prime Rate Index, which is...

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