What’s Up with Real Estate? National news and local views for the week ending Friday, September 15, 2023 Higher oil prices lifted “headline” CPI (consumer inflation), but “core” CPI continued to ease – and the Fed cares more about “core” when it comes to its interest rate policy. But even with 30-yr mortgage rates above 7%, […]
Owners Willing to Host to Offset Widespread Unaffordability
Sticky inflation and pricey home payments have homeowners considering creative ways to offset climbing expenses. Short-term rental popularity has picked up according to a recent survey from Realtor.com® and CensusWide. Among the surveyed homeowners, 39% have or would consider renting out part of their primary home. The younger generations have the most experience […]
Monday Market Brief… Sept. 11, 2023
What’s Up with Real Estate? National news and local views for the week ending Friday, September 8, 2023 It’s a highly unusual housing market, with home prices hitting new records, but transaction activity at 2008-2010 levels and mortgage rates at 20-year highs. Here’s my weekly update on national and local housing news – let me […]
10 Reasons to Buy a Home when You are Young
If you’re in your early 20’s and have the financial assets to purchase a home 🏡 then you should definitely consider starting the homebuying process today. Buying a home 🏡 when you’re young will give you more financial security by helping you build equity at early age. Buying a home 🏡 young also protects you […]
Monday Market Brief Sept. 4, 2023
What’s Up with Real Estate? National news and local views for the week ending Friday, September 1, 2023 The crash that wasn’t The Case-Shiller national home price index rose 0.7% MoM in June (the 5th-straight increase) and is now just a whisker below the June 2022 peak. The very modest 2.7% decline in home prices experienced […]
Monday Market Brief… Aug. 21, 2023
What’s Up with Real Estate? National news and local views for the week ending Friday, August 18, 2023 National Real Estate News Peaks we don’t want… Hawkish comments from the Fed’s last meeting, rising bond yields globally, and fading recession expectations all helped send average 30-yr mortgage rates to 7.34%, just shy of the peak of […]
Where are people Moving Today and Why?
For Buyers, First Time Home Buyers, Buying Myths Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re […]
Monday Market Brief Aug. 14, 2023
What’s Up with Real Estate? National news and local views for the week ending Friday, August 11, 2023 Hello Monday!!! Monday Market Brief for you… National Real Estate News Inflation heads lower “Core” inflation (which excludes food & fuel prices), dropped to +4.7% year-over-year in July, from +4.9% in June. Back in September 2022, that figure […]
How To Know If You’re Ready to Buy a Home
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions […]
How Inflation Affects Mortgage Rates
For Buyers Interest Rates Move-Up Buyers Housing Market Updates Buying Myths When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The […]