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Author: MarciaMurray

24 Jan

Posted at 11:30h in Blog, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing by
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The 3 Factors That Affect Home Affordability Simplifying The Market

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

17 Jan

Posted at 11:30h in Blog, Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers by
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Think Twice Before Waiting for 3% Mortgage Rates Simplifying The Market

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

16 Jan

Posted at 11:30h in Blog, For Buyers, For Sellers, Housing Market Updates by
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What Past Recessions Tell Us About the Housing Market Simplifying The Market

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says: