The third quarter may have marked the end of price surges as increased mortgage rates put a dent in projected property appreciation projections. Read more from NAR’s latest report. Home
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Reviving Home Sales Hinges on Stable EconomyReviving Home Sales Hinges on Stable Economy
October’s declining inflation rate is welcome news for a housing market that’s been experiencing steady decline since 2022. Lawrence Yun, chief economist of the National Association of REALTORS(r), told thousands
Prospects for Reversal Brighten as Contract Signings Decline Once MoreProspects for Reversal Brighten as Contract Signings Decline Once More
Pending home sales continued their downward spiral in October as rising mortgage rates reduced buyer trust. Check out NAR’s latest home sales report for more details. Pending home sales dropped
21 Real Estate Victories in Government Spending Package21 Real Estate Victories in Government Spending Package
On Friday, Congress unanimously passed the Omnibus bill which now goes to President Joe Biden for signature. Congress gave final approval Friday to a bipartisan bill funding the government until
Declining Inflation Improves Home AffordabilityDeclining Inflation Improves Home Affordability
As the economy improves, mortgage rates could even decrease to below 4% and encourage potential buyers to return. Recent months have witnessed a reduction in inflation rates, which contributed to
Cease Rate HikesCease Rate Hikes
The Fed should heed Wayne Gretzky’s wisdom today. On the day Silicon Valley Bank went bankrupt, mortgage rates decreased significantly as investors fled into U.S. government bonds for safety. Of
Optimal Moment for Investors to SellOptimal Moment for Investors to Sell
As rental rates decline, owners should consider placing inventory back onto the market. Real estate investors have enjoyed great success over the past three and five years. Rents have steadily
Economist from NAR: ‘Housing Recession Has Ended’Economist from NAR: ‘Housing Recession Has Ended’
Contract signings increased last month, and homebuyers increasingly face multiple offer scenarios. NAR released their housing forecast for both this year and 2024. Pending home sales increased slightly in June
Divergence in Supplies between New and Existing HomesDivergence in Supplies between New and Existing Homes
Homebuilders offer buyers options unavailable through existing-home sales markets. Newly built homes account for only 10% of home sales market, but builders have increased this percentage considerably this year and
The Essential Needs of BuyersThe Essential Needs of Buyers
The focus should be on the inventory, not on compromising the customer experience. The last year saw one of the strongest performances in new-home sales. However, it was also the