What’s Up with Real Estate? National news and local views for the week ending Friday, December 15, 2023 Really important news this week! The Fed kept rates on hold, but more importantly, Fed members are now expecting rate cuts of between 0.5% and 1.0% next year. The markets were overjoyed, with 10-yr treasury yields moving below […]

What’s Up with Real Estate? National news and local views for the week ending Friday, December 8, 2023 More presents under the tree! Encouraging inflation and jobs data has helped push average 30-yr mortgage rates down to near 7%. In addition, the inventory of homes for sale has continued to rise. Improving affordability AND availability? What […]

  The 2023 Deloitte Holiday Retail Survey found that Americans plan to spend more than $1,600 on holiday expenses in 2023, more than $100 more than the previous year. Part of that difference is accounted for by inflation, which has increased prices of many items. ‘Tis the season for festive lights, joyful gatherings, and the tempting […]

What’s Up with Real Estate? National news and local views for the week ending Friday, December 1, 2023 The holiday season is delivering early gifts to would-be buyers. Average 30-yr mortgage rates have dropped nearly 1% in the last month, and inventory levels are climbing. That said, home prices continue to rise across the country, with […]

What’s Up with Real Estate? National news and local views for the week ending Friday, November 10, 2023 Mortgage rates continued to drift lower, with the average 30-yr mortgage dropping below 7.5%. And home prices continued to rise in ~80% of the metros nationwide. It’s still a very tight market, but there are some early signs […]

There’s just something about a beautiful room, like this one from Cortney Bishop Design, that makes us never want to leave the house. A lot of choices go into creating a beautiful home, but there are a few tips and tricks that can help you get the most out of every room in your house. A […]

What’s Up with Real Estate? National news and local views for the week ending Friday, November 3, 2023 Very happy to deliver some good news to would-be buyers: mortgage rates just had a nice move downward! If you’ve put off buying (affordability) or selling (feeling locked-in by low mortgage rates), let’s have a discussion to make […]

What’s Up with Real Estate? National news and local views for the week ending Friday, October 20, 2023 Responding to very strong retail sales figures, the bond market took another dive, and average 30-year mortgage rates consequently moved above 8%. The slowdown in transaction volumes will likely continue, but there are signs that home prices are […]

  What’s Up with Real Estate? National news and local views for the week ending Friday, October 13, 2023 Is the relentless rise in mortgage rates finally hitting home demand enough to send prices lower this winter? So far, limited inventory has buttressed prices in most markets. Let’s just hope the Fed has seen inflation fall […]

What’s Up with Real Estate? National news and local views for the week ending Friday, October 6, 2023 Statistically, this is the best week to buy a home (sellers more open to negotitation + less buyer competition). Practically, it feels very different, with mortgage rates and prices continuing to move higher. If you’re looking to buy […]