Blog categorized as Buyers and Sellers

It’s impossible to accurately predict where mortgage rates will go for sure, but if history is any guide, the market is waiting for mortgage rates to follow inflation and head back down.

Let's take a look at some of the expert forecasts from late last year and how they stacked up against their most recent forecasts.

One of the reasons prices didn’t crash like some expected is because there aren’t enough available homes for the number of people who want to buy them. Even with today’s mortgage rates, there are more people looking to buy than there are homes available for sale.

Even though interest rates have been rising the past 12 months, these real estate metrics paint a clear picture of a thriving and competitive market.

The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed as people needed a home office and a big backyard. Now, things are getting back to normal. The ‘unicorns’ have galloped off.

The data clearly shows today’s market is very different than it was before the housing crash in 2008.

Home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages. Let's see how each of them affect affordability.

Let’s look at the historical data of what happened in real estate during previous recessions. That way you know why you shouldn’t be afraid of what a recession could mean for the housing market today.

You likely have heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that may not be the best strategy.

Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat.