Summary and Key Points Here is a summary of the key points from the 2024 Housing Market Forecast Housing experts forecast home prices will continue rising in 2023 and 2024, with increases of 2.8% and 1.5% respectively. This makes buying a home a good investment. Total home sales are also projected to increase slightly in […]
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there […]
Comparing the ‘Unicorn’ Years to Normal Real Estate Years for Perspective Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes […]
How Global Uncertainty Is Impacting Mortgage Rates If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time […]
As you might already know, summer and fall are a very busy time for real estate agents. That’s why so many home buyers decide to enter the market during this time of year. If you too are a prospective home buyer planning to enter the market soon, then you’ve visited the right real estate blog! […]
Fannie Mae and Freddie Mac Introduce 3 Percent Down Payment Mortgage Options Fannie Mae and Freddie Mac have just announced that they will start backing mortgages with down payments of as little as 3% of the home’s price. Fannie Mae’s plan will be effective December 13, 2014 while the Freddie Mac plan will be available […]
Where Will Interest Rates be a Year from Now? There are four major analysts that make future projections on interest rates ‐ Fannie Mae, the National Association of Realtors, Freddie Mac, and the Mortgage Bankers Association. These aren’t 4 guys just sitting around smoking cigars and throwing a dart at different numbers on a dart board […]
