Market Updates

Sept. 28, 2023

The Return of Normal Seasonality for Home Price Appreciation



If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context ...

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Posted in Market Updates
Sept. 25, 2023

Remote Work Is Changing How Some Buyers Search for Their Dream Homes



The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that's ...

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Posted in Market Updates
Sept. 15, 2023

Plenty of Buyers Are Still Active Today



Some Highlights

  • Holding off on selling your house because you believe there aren’t any buyers out there?
  • Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now.
  • Don’t delay your plan to  ...
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Posted in Market Updates
Sept. 15, 2023

Why Is Housing Inventory So Low?



One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why ...

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Posted in Market Updates
Sept. 15, 2023

Planning to Retire? Your Equity Can Help You Make a Move



Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs.

Fortunately, you may be ...

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Posted in Market Updates
Sept. 8, 2023

Get Ready for Smaller, More Affordable Homes



Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:

“Buyers should expect ...
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Posted in Market Updates
Sept. 8, 2023

Mortgage Rates: Past, Present, and Possible Future



If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture ...

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Posted in Market Updates
Sept. 8, 2023

Expert Home Price Forecasts Revised Up for 2023



Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But ...

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Posted in Market Updates
Sept. 1, 2023

Homeowners Have a Lot of Equity Right Now




Some Highlights

  • Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.
  • Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in ...
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Posted in Market Updates
Aug. 24, 2023

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages



If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause ...

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Posted in Market Updates