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Real Estate Rundown September 2023

September 01, 2023

The summer real estate market may be coming to and end, but New home sales are at a 17 month high and there is an increase to the number of pending leads even in the face of higher mortgage rates. While these rates seems to climb, buyers are adapting to this and still entering into the market.

Real Estate Rundown August 2023

August 01, 2023

As we enter the late Summer months of 2023, the US housing market experienced a 3% uptick in home prices despite a lack of demand. Existing home sales declined by 23%, with forecasts predicting a gradual recovery. The Federal Reserve’s positive economic outlook provides hope for sustained market stabi...

Real Estate Rundown July 2023

July 01, 2023

Mortgage rates continue to fluctuate and housing affordability concerns persist, but the below-median income homeownership rate shows a significant surge, highlighting the resilience of homeowners overcoming the constraints of the current housing market.

Real Estate Rundown June 2023

June 01, 2023

This rise in rates has implications for both prospective homebuyers and sellers. Higher mortgage rates can make homes less affordable, potentially dampening demand and slowing down the pace of home sales. Even with this slow start people are still in the market and many are still paying over the askin...

Real Estate Rundown May 2023

May 01, 2023

The real estate market is in constant influx, and currently, one of the key factors affecting the market is the fluctuation of mortgage rates. While rates have recently risen to 6.39%, experts predict that they could drop below 6% in the coming months, potentially reaching a more favorable condition f...

Real Estate Rundown | April 2023

April 01, 2023

The extreme winter weather has impacted the seasonality of the real estate market in the United States, but experts are predicting that this frigid winter will encourage a more active spring market. While mortgage rates have lowered in recent months, they are still over 2% higher than last year, and f...

Real Estate Rundown March 2023

March 01, 2023

Homebuyer burnout is a real issue in the U.S., with many buyers, sellers, and real estate agents feeling the strain of the real estate market. The Fannie Mae Home Purchasing Sentiment Index (HPSI) reflects these sentiments, with only 17% of consumers believing that it is a good time to buy. Mortgage r...

Real Estate Rundown February 2023

February 01, 2023

The National Association of Realtors predicts that mortgage rates may fall even further in the coming weeks, which will result in a busier home sales activity and a stronger housing market. Meanwhile, it has become more affordable to rent than buy in many markets due to declining rent prices and risin...

Real Estate Rundown January 2023

December 30, 2022

Happy New Year! While 2022 may be remembered as a year of housing instability, 2023 will likely become a year of return to normalcy. The NAR (National Association of Realtors) predicts 4.78 million homes to be sold in 2023, down 6.8% from 2022 (5.13 million). Mortgage rates are expected to stabilize a...

Real Estate Rundown December 2022

December 01, 2022

The housing market run down for the final month of 2022 shows some surprising changes. Mortgage rates, which have been on the rise, have finally become stagnant. While this change might not indicate a trend, it greatly improves purchasing power for potential home buyers. Additionally, newly constructe...

Real Estate Rundown November 2022

November 03, 2022

As we round the corner into the final months of 2022, home prices are expected to fall due to the recent surge in mortgage rates, however, homeowners are still relocating to more affordable areas.

Real Estate Rundown September 2022

September 01, 2022

The real estate industry news headlines point toward what experts are coining as the “Housing Recession.” Many homebuyers are struggling to become owners due to high mortgage rates, and this struggle is compounded by experts citing that homes have not been this unaffordable since the late 80s. Finally...

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