Holly & Chris Luxury Homes

Home Prices

What Every Homeowner Needs To Know In Today’s Shifting Market

Here’s an important update for you. The housing market is moving toward a healthier, more balanced state — and while that might not sound exciting at first, it’s actually a positive development. This shift is expected. It just feels different because we've all gotten used to the fast-paced, highly competitive seller’s market of the past few years. That said, there’s still plenty of...

Why Today’s Foreclosure Numbers Aren’t a Warning Sign

With prices climbing across the board, it’s understandable to have questions about how that impacts the housing market. Some are even concerned that rising costs could lead to more homeowners falling behind on their mortgage payments and possibly spark a surge in foreclosures. Recent reports showing an uptick in foreclosure filings may seem alarming at first glance — but it’s important to take a step...

Mortgage Rates Reach Year’s Lowest Level

If you’ve been hesitant to buy a home due to high mortgage rates, now may be a good time to revisit the market. Mortgage rates have been steadily declining in recent weeks, creating an opportunity for potential buyers to re-engage. According to Freddie Mac, mortgage rates have fallen for seven consecutive weeks, now reaching their lowest point so far this year (see graph below). While this shift may...