As 2024 comes to an end, the U.S. housing market continues to struggle with two major problems: not enough homes for sale and high mortgage interest rates. After a year full of uncertainty, real estate experts are looking ahead to 2025, expecting another year of tough competition and limited options. Low Supply Continues to Be […]
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In September 2024, the Federal Reserve cut its main interest rate by 0.5%, the first big cut in four years. Many people thought this would lower mortgage rates significantly, but the drop has been smaller than expected. Here’s a breakdown of how the Fed’s decision affects mortgage rates and what it means for people looking […]
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Key Take-Aways: BOTTOM LINE We’ve now seen three consecutive months of inventory improvements and decreasing interest rates. These trends could provide the incentive that both buyers and sellers need to get into the market.
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Summary of the Lawsuit A major lawsuit against the National Association of Realtors® (NAR) and several big real estate companies has recently changed how real estate agents get paid. The lawsuit claimed that some practices around agent commissions were unfair. As a result, new rules that affect how agents are compensated when a home is […]
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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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