Market Updates

Dec. 13, 2023

The Surprising Trend in the Number of Homes Coming onto the Market

Knowing what’s happening in the housing market is important if you're considering moving. Here’s an update on the supply of homes currently for sale. Whether you’re buying or selling, you should pay attention to the number of homes in your area.

In the housing market, regular patterns happen every year, called seasonality. Spring ...

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Posted in Market Updates
Nov. 19, 2023

Finding Gratitude in Today's Real Estate Landscape

In the dynamic world of real estate, where trends shift like sand dunes in the wind, it's essential to take a moment to appreciate the positives that weave through the intricate tapestry of the current market. As we navigate the twists and turns of the real estate landscape, there ...

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Posted in Market Updates
Oct. 31, 2023

Foreclosures and Bankruptcies Won’t Crash the Housing Market

If you’ve been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could make you feel uneasy, especially if you’re thinking about buying or selling a house.

But the truth is, even though the numbers are going up, the data shows the ...

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Posted in Market Updates
July 19, 2023

Explaining Today’s Mortgage Rates

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.  

But, there’s one thing that’s historically a good indicator of what’ll happen with ...

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Posted in Market Updates
June 21, 2023

Why the Median Home Price Is Meaningless in Today’s Market

The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing ...

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Posted in Market Updates
June 13, 2023

This Real Estate Market Is the Strongest of Our Lifetime

When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals ...

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Posted in Market Updates, Sellers
June 1, 2023

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market, making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. 

Comparing this year’s ...

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Posted in Market Updates
May 24, 2023

Owning a Home Helps Protect Against Inflation

 

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession ...

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Posted in Buyers, Market Updates
May 18, 2023

The Worst Home Price Declines Are Behind Us

If you’re following the news today, you may feel a bit unsure about what’s

happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall ...

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May 12, 2023

Are the Worst of the Home Price Declines Is Behind Us?

Some Highlights

While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.

Last July, prices started to decline, but around February, they began climbing back up.

If you put your plans to move on hold waiting to see what would happen with home prices, reach out to ...

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Posted in Market Updates, Sellers