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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 ...
Everyone has their own idea of the American Dream, and it's different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show tha...
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...
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...
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...
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...
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...
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...
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...
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...
