In today's real estate market, there is a fierce tug of war between high demand and low inventory, creating a challenging situation for homebuyers. The rebound in home prices has been evident, with three consecutive months of price increases. Some Continue Reading
Summer and spring home sales are experiencing a sluggish phase, primarily influenced by a combination of high prices, elevated mortgage rates, and lower inventory. This has significantly impacted the strength of the spring selling season, resulting Continue Reading
New home sales are experiencing significant growth as the housing inventory continues to face a severe shortage. With approximately 80% of current US mortgages being at or below 5%, homeowners are reluctant to sell or list their properties. This Continue Reading
The mortgage industry is currently facing challenges as the demand for mortgages is dropping, despite recent declines in interest rates. According to recent data, the average contract interest rate for 30-year fixed-rate mortgages with conforming Continue Reading
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
