The spring real estate season is upon us with home buyers searching for new homes as the weather gets warmer. But many buyers are facing a triple threat this buying season with high interest rates, low inventory and fears of a recession on the Continue Reading
According to the National Association of Realtors have reported a strong jump of 14.5% for closed sales in February which represents contracts signed in December and January. Buyers are extremely sensitive to interest rates and any drop in Continue Reading
Happiest Place to Live When you think of the happiest place on earth, you might be thinking of Disneyland. A new study by Wallet Hub has come up with a ranking of the happiest places to live in the United States. They used Continue Reading
This years housing market is beginning with fewer homes on the market for buyers to choose from. There is little incentive for sellers to list their homes in this current market. Buyers have a greater negation power in this current market Continue Reading
The recent bank volatility has cause interest rates to temporarily drop causing a short spike in mortgage applications. Applications rose 2.9% for the week but is overall down 35% from this time last year. Refinance loans also got a short Continue Reading
With a short drop in interest rates in February has caused a short rise in pending home sales. Higher interest rates has taken a bite out of the real estate market rising from 3% last year to 7%. this year as the Federal Reserve attempts to Continue Reading
Home prices have been falling for the past 7 months but dropped lower in January due to a short break in rising interest rates. According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index prices fell only 3.8% in January Continue Reading
Homebuilder Sentiment Grows Homebuilder sentiment rose in March as new home sales rose for the 3rd straight month. Giving builders hope that the worst is now behind them as demand for new homes continue to be strong. Even with low Continue Reading
Mortgage Rates Drop The ripples of the bank failure of Silicon Valley Bank is affecting the 30yr fixed mortgage rates. As the market digests the bank failure. Rates have dropped from 7.05% on Wednesday to 6.57% on Monday. The Continue Reading
