Housing Market Updates

Is the Recent Dip in Interest Rates Here to Stay?

Posted by Monica Foster On January 9, 2019 In General Information

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s [...] Read More

Monica Foster January 9, 2019

Belief in Homeownership as an Investment is Far from Dead

Posted by Monica Foster On January 3, 2019 In General Information

Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home [...] Read More

Monica Foster January 3, 2019

Posted by Monica Foster On December 28, 2018 In General Information

Some Highlights: Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a [...] Read More

Monica Foster December 28, 2018

24 Hours that Suddenly Improved the Market

Posted by Monica Foster On December 27, 2018 In General Information

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months [...] Read More

Monica Foster December 27, 2018

Posted by Monica Foster On December 21, 2018 In General Information

Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a [...] Read More

Monica Foster December 21, 2018

4 Quick Reasons NOT to Fear a Housing Crash

Posted by Monica Foster On December 20, 2018 In General Information

There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons [...] Read More

Monica Foster December 20, 2018

Homeownership Remains a Huge Part of the American Dream

Posted by Monica Foster On December 19, 2018 In General Information

As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force [...] Read More

Monica Foster December 19, 2018

No Bubble Here! How New Mortgage Standards Are Helping

Posted by Monica Foster On December 13, 2018 In General Information

Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market [...] Read More

Monica Foster December 13, 2018

What If I Wait A Year to Buy a Home?

Posted by Monica Foster On December 10, 2018 In General Information

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a [...] Read More

Monica Foster December 10, 2018

Posted by Monica Foster On December 7, 2018 In General Information

Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! [...] Read More

Monica Foster December 7, 2018

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