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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...

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...

MAY 2023 RESIDENTIAL HOUSING MARKET UPDATE

Published: May 23, 2023
Is the housing market hot or cold? With buyer demand growing due to lack of inventory, and mortgage rates still moving up and down... what can we possibly expect moving forward. With most homeowners sitting at 2% and 3% mortgage rates, sel...

APRIL 2023 RESIDENTIAL HOUSING MARKET UPDATE

Published: April 26, 2023
What do home sellers and homebuyers need to know in the current market? Mortgage rates are currently on a downward trend and economic indicators suggest that trend could continue. The Federal Reserve is meeting on May 3rd and the market is e...

WHAT’S GOING ON WITH HOME PRICES?

Published: April 6, 2023
Why aren't home prices crashing? There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, h...

MARCH 2023 – RESIDENTIAL HOUSING MARKET UPDATE

Published: March 30, 2023
What the heck is happening to the housing market? We've got bank crisis, inflation is increasing, the job market is holding strong, what does this mean for the housing market and for residential real estate? So, we've got a lot of things to ...

HAVE YOU CONSIDERED ADDING CONDOMINIUMS TO YOUR HOME SEARCH?

Published: March 23, 2023
Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to Bankrate: “A condo can be a more affordable entry p...

February 2023 Residential Housing Market Update

Published: March 2, 2023
The housing market is a roller coaster right now all thanks to mortgage rates! The Fed's had their meeting on February 1st and the market responded favorably after the Fed's Fund rate increased by only a quarter percent, as expected. ...

What Are Experts Forecasting for the 2023 Housing Market?

Published: February 2, 2023
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price a...

Residential Housing Market Update – January 2023

Published: January 25, 2023
Mortgage interest Rates are currently on a downward trend, so what could this mean for 2023? We saw one of the hottest real estate markets in 2020 and 2021 where sellers had all the power, and in 2022 that power quickly shifted to buyers. Home...

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