Housing Market Updates

Home Price Growth Is Returning to Normal   Some Highlights _x005F_x0001_If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.   _x005F_x0001_Based on typical seasonality in the market, prices go up most in the spring during...

Are Higher Mortgage Rates Here To Stay?   Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below):     That can feel like a little bit of a gut punch if you’re...

Are You a Homebuyer Worried About Climate Risks?   The increasing effects of natural disasters are leading to new obstacles in residential real estate. As a recent article from CoreLogic explains:  “As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of...

Home Prices Are Not Falling   During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of people have doubts about the strength of the residential real estate market. If it made...

Explaining Today’s Low Housing Supply   Some Highlights Wondering why the supply of homes for sale is limited today? There are a few factors at play. Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low. But real estate agents know...

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon   You might remember the housing crash in 2008, even if you didn't own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there's good news – the housing market now is different from 2008. One important reason is there aren't...