Housing Market Updates

What To Expect From the Housing Market in 2023

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing /

\"WhatThe 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before […]

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Homeowners Still Have Positive Equity Gains over the Past 12 Months

For Sellers, Housing Market Updates, Pricing /

\"HomeownersIf you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was […]

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Mortgage Rates Are Dropping. What Does That Mean for You?

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers /

\"MortgageMortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), […]

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You May Have More Negotiation Power When You Buy a Home Today

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

\"YouDid the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from […]

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