Mortgage rates have been experiencing significant fluctuations in recent times, hovering above and around the range of 6.5% to over 7%. This instability in interest rates has a direct impact on the monthly payments for homebuyers seeking a $400k Continue Reading
After a year of declining prices, the real estate market is finally showing signs of life with prices beginning to rise again. However, the recovery is not uniform across all regions, with the West experiencing the most significant impact from the Continue Reading
Home prices in the west have experienced a significant drop of about 10% since reaching their peak in April 2022. However, despite this decline, prices in the region remain higher compared to 2019 levels. The west has been particularly affected due Continue Reading
In April, there was a notable surge in new home sales, as they experienced a remarkable increase of 4.1%. This rise in sales contracts can be attributed to the limited availability of existing homes in the market. The lack of inventory has resulted Continue Reading
The return of multiple offers on homes has become a prominent trend in the real estate market, especially during the spring selling season. With the lack of housing inventory, homebuyers are facing intense battles to secure their dream homes. Despite Continue Reading
Renters across the nation find themselves at a critical juncture as rental prices soar, prompting them to question the feasibility of continuing to rent or explore the option of purchasing a home. The relentless increase in rental prices can be Continue Reading
When you're buying a home, it's important to consider a variety of factors to ensure you make an informed decision. From the location and size of the property to its condition and price, there are many variables that can influence your buying Continue Reading
Remote work has had a major impact on commercial real estate in recent years. With more and more people working from home, there has been a significant shift in the demand for office space. This shift has caused a decline in the need for traditional Continue Reading
As of 2021, over 80% of mortgages in the United States are at 5% interest rates or below. This is largely due to the historically low interest rates set by the Federal Reserve in response to the COVID-19 pandemic. While low interest rates can be Continue Reading
