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
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
New home sales have risen 1.1% in February continuing to show growth and stabilization in the real estate market. Interest rates dropped at the beginning of February causing a spike in signed contracts with buyers taking advantage of the drop Continue Reading
Existing home sales jumped 14.5% in February to a 11 month high. This is the first time in a year that the prices have risen. Homebuyers are taking any advantage any drops in interest rates. The current mortgage rate has dropped Continue Reading
The fallout from the Silicon Valley Bank failure has brought volatility to the market forcing interest rates lower. The short drop in interest rates have seen a spike in mortgage applications as buyers take advantage of lower rates. The Continue Reading
The Federal Reserve has been raising interest rates over the last year from 3% to 7% bringing the real estate market to a grounding halt. Even though there are still people purchasing homes, the higher interest rates have affected affordability Continue Reading
