Category: Economy and Housing Market

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

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

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

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

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

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

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

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

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 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