Category: Market Reports

Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates. VIEW THE REPORT Here are some quotes from this month’s report: Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term. Declines in the West are due to the tech industry slowdown and a severe lack of affordability after decades of undersupply. All in, home prices nationally are now down 2.6% from their 2022 peak. Freddie Mac reported that its “National” Home Price Index . . . is down 2.5% from its June 2022 peak.   This article was provided with content from Keeping Current Matters, Inc. The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any

Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates. VIEW THE REPORT Here are some quotes from this month’s report: The first responsibility of a leader is to define reality. The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing. Overall housing costs are also increasing and therefore impacting inflation, which continues to persist. 48 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market values. When getting help with money, whether it is insurance, real estate or investments you should always look for a person with the heart of a teacher . . .   This article was provided with content from Keeping Current Matters, Inc. The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein.

Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates. VIEW THE REPORT Here are some quotes from this month’s report: People do not follow the best leaders. They follow the ones they can understand the easiest. I wonder if some consumers have worked through the 5 stages of grief of higher mortgage rates. I’m looking at the latest housing data and I see surprising demand indicators, including home price resiliency and supply staying restricted. Who woulda guessed that? ATTOM, a leading curator of real estate data nationwide for land and property data, today released its Year-End 2022 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 324,237 U.S. properties in 2022, up 115% from 2021 but down 34% from 2019, before the pandemic shook up the market. Foreclosure filings in 2022 were also down 89% from a peak of nearly 2.9 million in 2010.   The article is provided by Sparkling Marketing, Inc. with content from Keeping Current Matters. The information contained, and the opinions expressed, in this article are not intended

Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates. VIEW THE REPORT Here are some quotes from this month’s report: The upcoming months should see a return of buyers, as mortgage rates appear to have already peaked and have been coming down since mid-November. So be advised…this may be the one and only window for the next few years to get into a buyers market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity. The risks of ARMs were substantially mitigated by the regulatory reforms put in place after the 2008 bust. Today’s ARMs are not the risky products of 2008 or even the prebubble version . . . ARMs are no longer something to fear – in fact, they could help borrowers save money and reduce barriers to homeownership. Temporary rate buydowns are a hot trend for mortgages as borrowers face higher costs for home loans. Some buyers are exploring alternatives to traditional mortgages in

Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates. VIEW THE REPORT Here are some quotes from this month’s report: A return to a normal spread between the government borrowing rate and the home purchase borrowing rate will bring the 30-year mortgage rates down to around 6%. The housing market is expected to face continued uncertainty heading into 2023 as consumers, financial markets, and policymakers work through their respective challenges in today’s economy. Because we see a slowdown, and we see the inflation comparisons start to become more and more favorable, you’ll start to see that inflation number move lower, lower, lower, lower. And as a result,mortgage rates should move similarly on a downward trajectory—probably giving us around 5%, below 5% within the next six months. Homeowners have very high levels of tappable home equity today, providing a cushion to withstand potential price declines, but also preventing housing distress from turning into a foreclosure. . . . the result will likely be more of a foreclosure ‘trickle’ than a ‘tsunami.’ The article is provided by Sparkling Marketing, Inc. with content from Keeping

Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates. VIEW THE REPORT Here are some quotes from this month’s report: People do not follow the best leaders. They follow the ones they can understand the easiest. U.S. 30-year fixed mortgage rates have increased 3.83 percentage points since the end of last year. That’s the biggest year-to-date increase in rates in over 50 years. With inflation still running at a 40-year high and the Fed expecting a few more rate increases to combat it, mortgage rates will experience upward pressure through the end of 2022. While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us. The article is provided by Sparkling Marketing, Inc. with content from Keeping Current Matters. The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should