BOTTOM LINE We’ve seen two consecutive months of inventory improvements, coupled with decreasing interest rates. This could provide the incentive that both buyers and sellers need to get into the market. While we might see a slight dip in the market in November due to the election cycle, there are positive signs that the market […]
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With the 2024 US Presidential election coming up, many people looking to buy or sell homes wonder how this event might impact the housing market. While elections can cause a lot of buzz and speculation, history shows that their effect on the housing market is usually small and temporary. Here’s a look at how past […]
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Federal Reserve Chair Jerome Powell mentioned that the Fed might consider lowering rates at the next Federal Open Market Committee (FOMC) meeting in September, but only if the economic data looks promising. Powell emphasized that the Fed is focused on balancing its dual goals, stating, “The committee generally believes the economy is getting closer to […]
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BOTTOM LINE The main factors influencing home prices are housing supply, demand, and mortgage rates. Until we see a drop in rates coupled with increased inventory the market will remain a strong seller’s market and prices will continue to appreciate.
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As another presidential election approaches, debates intensify about its effects on various aspects of our lives. A common belief about the real estate market is that elections create uncertainty, causing potential homebuyers to hesitate. However, a closer look at historical data and expert opinions reveals a different narrative. Historical Perspective: Elections and Home Prices Contrary […]
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Navigating the world of mortgages can be complex, especially with the various options available to fit your financial situation. One option that often confuses homebuyers is the mortgage rate buy down. Understanding this concept, particularly points, can help you make informed decisions and save money over the life of your loan. What is a Mortgage […]
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The Federal Reserve has announced that they are keeping the main interest rate the same but plan to cut it once by the end of the year. This decision came after a two-day meeting of the Federal Open Market Committee (FOMC). While some people wanted more cuts, this one cut is still a positive step […]
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The decision to rent or buy is more important than ever. Current Market Dynamics The current housing market is challenging due to changing mortgage rates, low inventory, and high home prices, making it hard for many people to buy homes. Data from real estate service provider CBRE shows that the cost difference between buying and […]
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