If you’ve been keeping up with real estate news, you may have noticed reports claiming that home prices are staying flat. At first, that might seem easy to understand. However, the truth is a bit more complex. In many markets, home prices are actually far from flat and continue to show movement. What the Data Really Shows While home prices have certainly cooled from the rapid, unsustainable surge seen...
If you have been waiting for mortgage rates to drop, you are in luck because they have started to come down. The question now is whether this trend will continue and how low rates might go. According to housing market experts, there is still room for mortgage rates to decrease further over the next year. One important factor to keep an eye on is the 10-year Treasury yield, a key indicator that often...
You’ve likely been waiting what feels like forever for mortgage rates to finally shift, and last week they did in a major way. On Friday, September 5th, the average 30-year fixed mortgage rate dropped to its lowest level since October 2024. It marked the largest single-day decline in more than a year. What Caused the Drop? Mortgage News Daily reports the decline was sparked by the August jobs...
Thinking about selling your home on your own as a “For Sale by Owner” (FSBO)? You’re not alone—it’s something many homeowners consider. However, with today’s changing market conditions, more and more sellers are realizing it may not be worth the gamble. In fact, the latest data from the National Association of Realtors (NAR) shows that fewer homeowners than ever are choosing to go it alone...
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...
In recent years, home prices have soared, making it challenging for buyers and leaving many questioning whether homeownership was within reach.
Recent headlines have been abuzz with news of the median asking price for homes declining compared to last year, which has caused some confusion.
Should you buy a home now or wait? It’s a question many are asking these days. The right choice depends on several personal factors...
Recent news might have you wondering about the future of mortgage rates. You might have heard predictions about rate cuts this year that were expected to lower.