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 […]
continue reading
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.
continue reading
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 […]
continue reading
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 […]
continue reading
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 […]
continue reading
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 […]
continue reading
In a highly anticipated move affecting global markets, the Federal Reserve made a significant announcement on March 20, 2024. The Fed opted to keep interest rates unchanged for the fifth consecutive time. This decision reflects a cautious approach to managing monetary policy, considering the challenges and opportunities in the current economic landscape. Let’s delve deeper […]
continue reading
See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
