This years housing market is beginning with fewer homes on the market for buyers to choose from. There is little incentive for sellers to list their homes in this current market. Buyers have a greater negation power in this current market Continue Reading
The recent bank volatility has cause interest rates to temporarily drop causing a short spike in mortgage applications. Applications rose 2.9% for the week but is overall down 35% from this time last year. Refinance loans also got a short Continue Reading
With a short drop in interest rates in February has caused a short rise in pending home sales. Higher interest rates has taken a bite out of the real estate market rising from 3% last year to 7%. this year as the Federal Reserve attempts to Continue Reading
Home prices have been falling for the past 7 months but dropped lower in January due to a short break in rising interest rates. According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index prices fell only 3.8% in January Continue Reading
New home sales have risen 1.1% in February continuing to show growth and stabilization in the real estate market. Interest rates dropped at the beginning of February causing a spike in signed contracts with buyers taking advantage of the drop Continue Reading
Existing home sales jumped 14.5% in February to a 11 month high. This is the first time in a year that the prices have risen. Homebuyers are taking any advantage any drops in interest rates. The current mortgage rate has dropped Continue Reading
The continued lack of homes for sale is having an adverse affect on the rental market. With homes sales stalling as interest rates move higher and the inventory remains the same is forcing many potential homebuyers into the rental market. Continue Reading
The fallout from the Silicon Valley Bank failure has brought volatility to the market forcing interest rates lower. The short drop in interest rates have seen a spike in mortgage applications as buyers take advantage of lower rates. The Continue Reading
Homebuilder Sentiment Grows Homebuilder sentiment rose in March as new home sales rose for the 3rd straight month. Giving builders hope that the worst is now behind them as demand for new homes continue to be strong. Even with low Continue Reading
