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
March 30, 2023

Federal Reserve Raises Rates: What You Need to Know

The Federal Reserve recently held a meeting where they raised the federal funds rate by 25 basis points, or 0.25%. While this isn't good news, the one positive thing is that most banks anticipated an increase of about 50 basis points, or half of a full percent. So ...

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Posted in Market Update
March 18, 2023

Is SVB CRASHING The Housing Market?!

 

The recent news about the financial markets has caused concern among many potential buyers and sellers. With the failure of SVB and other banks following suit, the Federal Reserve has been raising rates, causing volatility in interest rates, particularly in the mortgage market.

As a potential buyer or seller ...

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Posted in Market Update
Jan. 13, 2023

Why The Latest Inflation Data Matters For Mortgage Rates

 

 

Today marked the monthly release of the Consumer Price Index (CPI). For nearly a year, this monthly economic report has had the greatest impact on the bond market and mortgage rates. 

 

The biggest revelation was October's CPI (reported November 10th), which many saw as a ...

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Posted in Market Update