Jan 17, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
Last year, the
Federal Reserve took action to try to bring down inflation. In response to those efforts,
mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7%
last October. Hopeful
buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.
Jan 2, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the […]
Dec 21, 2022 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before […]
Dec 19, 2022 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), […]
Dec 16, 2022 | For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates
Some Highlights
- From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
- If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023.
Dec 6, 2022 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in […]