Market Update

Dec. 15, 2023

Understanding Housing Market Conditions: A Guide to Gauging Interest Rates

The housing market is a dynamic and ever-changing landscape, and understanding its conditions is crucial for both buyers and sellers. One key aspect to consider is the impact of interest rates on the housing market.

Let’s explore how to interpret housing market conditions and utilize the information to gauge interest ...

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Oct. 20, 2023

Unlocking Homeownership: The Rise of Multi-Generational Living in the Face of Rising Housing Costs

In the context of the current real estate landscape characterized by escalating housing costs, an increasing number of prospective homebuyers are exploring a pragmatic avenue to realize their homeownership aspirations – the phenomenon known as multi-generational living.

Multi-generational living, an arrangement where two or more generations of adults cohabit within ...

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Posted in Market Update
Sept. 29, 2023

Navigating the Housing Inventory Challenge: Why Finding Your Dream Home Requires Expert Guidance

 

If you're contemplating a move in today's real estate market, a burning question on your mind is likely: Why is it such a daunting task to find a house to purchase? While the idea of waiting for more favorable options may be tempting, it might not be ...

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Posted in Market Update
Aug. 4, 2023

Housing Market Forecast for the Rest of 2023

 

The real estate market is constantly evolving, shaped by a multitude of factors ranging from economic indicators to societal changes. As we find ourselves in the midst of 2023, homeowners, buyers, and investors are eager to gain insights into what the rest of the year might hold for the ...

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Posted in Market Update
June 30, 2023

Exploring the Differences: How Today's Housing Market and Lending Standards Diverge from the 2008 Crash

Concerns about a housing market crash have been circulating, but it's important to note that the current housing market differs significantly from the one we witnessed in 2008. One crucial distinction lies in the variation of lending standards today. Let's delve into the data to substantiate this claim ...

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Posted in Market Update
June 23, 2023

Understanding Home Price Trends: Exploring Median vs. Repeat Sales Reports

The National Association of Realtors (NAR) is set to release its latest Existing Home Sales (EHS) report soon, which provides information on the sales volume and price trends for previously owned homes. However, this report is likely to show a decline in home prices, which might be confusing for those ...

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Posted in Market Update
June 7, 2023

Understanding Real Estate Market Shifts: Why Comparisons to the 'Unicorn' Years Are Misleading

When analyzing real estate metrics over time, it can be challenging to draw accurate conclusions, particularly in a dynamic housing market. The presence of market variability can render comparisons less meaningful or accurate, making it essential to consider external factors that may have influenced the outcomes being examined. This article ...

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Posted in Market Update
May 19, 2023

Unveiling the Impact of Changing Mortgage Rates

Mortgage rates have a profound influence on the real estate market and homeowners' financial well-being. Fluctuations in rates can significantly affect affordability, refinancing opportunities, and overall housing market trends. In this blog post, we will delve into the insights provided by an insightful infographic, shedding light on the impact of ...

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Posted in Market Update
May 19, 2023

Surprising Activity in the Spring Housing Market: Buyers Flock Despite Challenges

The spring housing market has defied expectations this year, displaying remarkable levels of activity. Despite affordability hurdles and a limited inventory of available homes, buyer demand continues to grow stronger.

One key indicator of active buyers is the increase in showing traffic. The latest data from the ShowingTime Showing Index ...

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Posted in Market Update
May 17, 2023

Cracking the Code of Home Price Reporting: What's Behind the Numbers?

Get ready for the latest scoop on home prices as the National Association of Realtors (NAR) gears up to release its Existing Home Sales Report. But hold on tight, because this report might bring some confusion and even raise a few eyebrows. You see, NAR will be reporting the median ...

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Posted in Market Update