Market Info

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 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 […]