Market Info

Market Info

Has the residential real estate market changed? For the better or worse?

By Mark Sprague, State Director of Information Capital A question Realtors, economists, real estate analysts, and more have been getting for the past 18+ months: Has the residential real estate market changed? For the better or worse? Contrary to owners/investors’ fears, the so-called “strong housing bubble” of the last 3+/- years has not burst (“bubble” in quotes because […]
Market Info

Mortgage Rates Dip Back Down

July 20, 2023 The 30-year fixed-rate mortgage (FRM) dropped from last week’s average of 6.96% to an average of 6.78% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.78% as of July 6, 2023, up from last week when it averaged 6.96%. […]
Market Info

Existing-Home Sales Fall 3.3% In June

In keeping with the challenges of low inventory and high home prices, existing-home sales fell 3.3% to a seasonally adjusted annual rate of 4.16 million in June, according to the National Association of REALTORS®’ (NAR) most recent existing-home sales report. NAR’s latest data on existing homes found that year-over-year, sales fell 18.9% (down from 5.13 […]
Market Info

4 Reasons Not To Always Believe Online House-Value Estimtes

Prospective homebuyers often check national brokerages online for information. It’s logical to see houses for sale with list prices. But what about the ones that are not for sale? We all look at them, as almost every house has an estimated value. But it would be good to know why the ‘what-they’re-worth’ prices listed should […]

Market Info Has the residential real estate market changed? For the better or worse? By Mark Sprague, State Director of Information Capital A question Realtors, economists, real estate analysts, and more have been getting for the past 18+ months: Has the residential real estate market changed? For the better or worse? Contrary to owners/investors’ fears, the so-called “strong housing bubble” of the last 3+/- years has not burst (“bubble” in quotes because […]

Market Info Mortgage Rates Dip Back Down July 20, 2023 The 30-year fixed-rate mortgage (FRM) dropped from last week’s average of 6.96% to an average of 6.78% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.78% as of July 6, 2023, up from last week when it averaged 6.96%. […]

Market Info Existing-Home Sales Fall 3.3% In June In keeping with the challenges of low inventory and high home prices, existing-home sales fell 3.3% to a seasonally adjusted annual rate of 4.16 million in June, according to the National Association of REALTORS®’ (NAR) most recent existing-home sales report. NAR’s latest data on existing homes found that year-over-year, sales fell 18.9% (down from 5.13 […]

Market Info 4 Reasons Not To Always Believe Online House-Value Estimtes Prospective homebuyers often check national brokerages online for information. It’s logical to see houses for sale with list prices. But what about the ones that are not for sale? We all look at them, as almost every house has an estimated value. But it would be good to know why the ‘what-they’re-worth’ prices listed should […]

Market Info The worst thing clients can do presently is wait to see if rates dip. Market Update with Mark Sprague Summer 2023 By Mark Sprague, State Director of Information Capital Independence Title The market had hoped that moderating inflation would have a positive impact on rates by the middle of this year. Not going to happen. Not happening for the rest of the year. While inflation has shrunk / slowed, […]

Market Info Mid-Year Market Update The real estate industry is an ever-changing landscape where the future is difficult to predict. Whether you are a potential homebuyer, seller, or investor, staying informed about the latest developments is crucial for making informed decisions. Below are a few of the latest trends in the market as well as some predictions for the rest […]

Market Info 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, especially if you’ve been following along and seeing the blogs […]

Market Info October 2022 Central Texas Housing Report

Buying Should You Still Buy a Home with the Latest News About Inflation? While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. […]

Market Info September 2022 Central Texas Housing Market Report During the month of September, homebuyers in the Austin-Round Rock MSA gained the most leverage they’ve had in over a decade as home price growth slows and inventory continues to increase.

Market Info August 2022 Housing Market Stats Normal Price Growth & Increasing Inventory Contributed to Market Continued Stabilization. Inventory has reached the highest level since September 2018. The market continues its normalizing trend for the 3rd consecutive month, boosted by a more sustainable rate of price growth & more available supply.

Market Info Pricing Your House Right is Critical It’s critical to price your house right in today’s market. Let’s connect to make sure your house is priced to sell.

Market Info Here’s What Housing Experts Forecast for the Rest of 2022 Nationally, home prices are forecast to appreciate, just at a more moderate pace than last year. Let’s connect if you plan to buy or sell a home this year so you have a trusted advisor on your side.

Market Info Fact or Fiction – “We are in a Housing Bubble”

Market Info Buyers regaining some control as market shifts, supply grows BY BEN VERDE June 03, 2022 Buyers regaining some control as market shifts, supply grows: Redfin The report, released Thursday, found more than one in five sellers dropped their asking price during May 2022, the highest rate since October 2019, as mortgage rates sit at over 5% Buyers are regaining some control as the market shifts […]

Market Info Should Inflation Change Your Homebuying Plans? Shared from My Home by Freddie Mac® 2/1/2022 Inflation has reached a 40-year high. What does that mean for you as you consider whether or not to buy a home in 2022? You’ve likely noticed that life grew more expensive in 2021. A combination of government aid, demand for goods and bottlenecked supply chains has increased […]

Market Info Over 10 Years, Homeowners Obtained $240K in Equity As prices climb, homeowners who’ve owned their homes for a while have seen a boost in appreciation. Over the past decade, a homeowner who purchased a single-family existing home would have gained $229,400 in home equity if the home were sold at the median price in the fourth quarter of 2021, according to a new […]

Market Info Fact Vs Fiction: The Truth About Today’s Housing Market Here are some of the biggest misconceptions about today’s housing market and the facts. #1: WE’RE IN A HOUSING BUBBLE The Facts While today’s housing market is anything but normal, it’s not because of the same circumstances surrounding the housing bubble of the early 2000s that caused the crash. Back then, new construction single-family homes flooded […]

Market Info Why This Housing Market Is Not a Bubble Ready To Pop Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by […]

Market Info The One Thing Every Homeowner Needs To Know About a Recession A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: A recession is […]