The Federal Reserve has been raising interest rates over the last year from 3% to 7% bringing the real estate market to a grounding halt. Even though there are still people purchasing homes, the higher interest rates have affected affordability Continue Reading
Mortgage Rates Drop The ripples of the bank failure of Silicon Valley Bank is affecting the 30yr fixed mortgage rates. As the market digests the bank failure. Rates have dropped from 7.05% on Wednesday to 6.57% on Monday. The Continue Reading
KB Homes is still finding for its new homes in this tough Market but with a great location and affordable prices. Potential buyers should check out KB Homes communities the Foothills and Ridgeview in San Marcos. These two communities have had a Continue Reading
After 3 years of people working remotely has the time come for everyone to go back to the office in 2023? Many companies are trying to end remote work and require a minimum amount of days a week in the office. Not surprisingly many Continue Reading
Chairman Powell Speaks Fed Chairman Powell said that interest rates may stay higher than originally planned if the hot inflation numbers don't come down. They are willing to raise interest rates higher than originally planned to help slow Continue Reading
Home listings are exceeding 30 days on the market which are signaling more ability for buyers to negotiate at the table. The real estate market is in a perfect storm of high interest rates and with fears of a recession. Currently there Continue Reading
There was an 8.1% jump in pending home sales for the month of January up from December. This jump in contracts signed in January has jumped to its highest level according to the National Association of Realtors and was higher than the 1% Continue Reading
The real estate market could be taking a turn upwards. With houses sitting for longer and inventory starting to grow. It is creating an environment for opportunistic buyers who have been sitting on the sidelines for the last several years Continue Reading
The continued slowing sales of existing real estate continues to 12 months of slower sales. The rise of interest rates have continued to affect the real estate sales to the slowest level since 2010. While this may seem like bad news. Continue Reading
