Market Updates

Oct. 30, 2024

Why Home Sales Bounce Back After Presidential Elections



With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.

Election Years Bring a Temporary Slowdown

In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according …

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Posted in Market Updates
Oct. 22, 2024

What To Expect from Mortgage Rates and Home Prices in 2025



Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.

Whether you're thinking of buying or selling, here’s a …

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Posted in Market Updates
Aug. 15, 2024

The Great Wealth Transfer: A New Era of Opportunity



In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the …

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Posted in Market Updates
Aug. 5, 2024

What Every Homeowner Should Know About Their Equity




Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look …

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Posted in Market Updates
July 26, 2024

How the Economy Impacts Mortgage Rates



As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.

One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While …

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Posted in Market Updates
April 19, 2024

Myths About the 2024 Housing Market



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Some Highlights

  • When it comes to the current housing market, there are some myths circling around right now.
  • Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale …
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Posted in Market Updates
April 19, 2024

Should I Wait for Mortgage Rates To Come Down Before I Move?




If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.

In the housing market, there’s a longstanding relationship between mortgage rates …

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Posted in Market Updates
March 28, 2024

Single Women Are Embracing Homeownership



In today's housing market, more and more single women are becoming homeowners. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.

If you're a single woman trying to buy your first home …

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Posted in Market Updates
March 28, 2024

What’s the Latest with Mortgage Rates?



Recent headlines may leave you wondering what’s next for mortgage ratesMaybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or …

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Posted in Market Updates
March 21, 2024

What Are Experts Saying About the Spring Housing Market?



If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here's what the professionals are saying about what’s in store for this season.

Odeta Kushi …

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Posted in Market Updates