Market Updates

Feb. 1, 2024

Foreclosure Activity Is Still Lower than the Norm



Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.

The truth is, if you compare the current numbers with what ...

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Posted in Market Updates
Jan. 11, 2024

The Dramatic Impact of Homeownership on Net Worth



If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision.

Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares ...

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Posted in Market Updates
Dec. 21, 2023

Why Mortgage Rates Could Continue To Decline



When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here's what you need to know.

The Federal Funds Rate Hikes ...

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Posted in Market Updates
Dec. 21, 2023

Expert Quotes on the 2024 Housing Market Forecast



If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking ...

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Posted in Market Updates
Dec. 7, 2023

How To Turn Homeownership into a Side Hustle



Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach? According to Bankrate, many people are seeking additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is ...

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Posted in Market Updates
Nov. 16, 2023

People Are Still Moving, Even with Today’s Affordability Challenges



If you're thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. Take a look at the graph below. It breaks ...

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Posted in Market Updates
Nov. 16, 2023

Life-Changing Events That Move the Housing Market



Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a ...

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Posted in Market Updates
Nov. 9, 2023

Homeowner Net Worth Has Skyrocketed



If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF ...

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Posted in Market Updates
Nov. 2, 2023

Don’t Believe Everything You Read About Home Prices



According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way?

It has a lot to do with all the negative talk about home prices over the ...

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Posted in Market Updates
Oct. 20, 2023

Are Higher Mortgage Rates Here To Stay?



Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below):  

 

That can feel like a ...

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Posted in Market Updates