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 […]
Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, and […]
A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […]
CNBC Article Highlights Encouraging and Surprising Statistics about Buyer Demand Diana Olick, with CNBC.com, published an article this morning which probably surprised a lot of people … in a good way. The widely respected real estate reporter stated: If mortgage demand is an indicator, buyers are coming back to the housing market far faster than […]
3 Questions to Ask Before Buying a House The home buying and selling season is almost here. How can you know if it’s the best time for you to buy a house? You’ve probably noticed an increase in radio and TV advertising telling you now is the best time to either sell or buy and […]
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 […]
The Cost of Waiting to Purchase Your St. Louis Home On the fence deciding whether to buy a home? Look at the impact on a monthly mortgage payment if interest rates rise according to predictions. Mortgage Rate Predictions for 2013 The MBA (Mortgage Bankers Association) and Freddie Mac are projecting that 30 year mortgage rates […]
