Admit it – you’re kind of afraid of today’s mortgage rates, aren’t you? I know some of my buyer-clients are. But they need not be. Why? Here’s the bone-chilling truth. The difference between buying a $1,000,000 home at today’s typical rate (around 6.2%) and waiting for 5.99% is about $100 a month on a $800,000 … Continue reading Why You Don’t Need To Be Afraid of Today’s Mortgage Rates
home prices
Your 2025 Mid-Year Real Estate Update
We’re more than halfway through 2025. I would like to share the highlights of what’s happening in the real estate market. Modest Home Price Growth We’re continuing to see home prices rising but at slower (and lower) rates than we’ve had the past few years. Nationwide, median home prices increased just over 1 percent compared … Continue reading Your 2025 Mid-Year Real Estate Update
Should You Wait for Mortgage Rates To Come Down Before You Move? Maybe Not.
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the … Continue reading Should You Wait for Mortgage Rates To Come Down Before You Move? Maybe Not.
What You Need To Know About Home Price News
Simplifying the Market, 5.17.23 The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices … Continue reading What You Need To Know About Home Price News
Mortgage Interest Rates Update: What Buyers’ & Sellers’ Should Know About the Spring Market
"Low inventory issues are keeping prices from dropping off. How much further home prices dip in 2023 will likely depend on where mortgage rates go. Experts point out that today’s homeowners have a more secure footing than those coming out of the 2008 financial crisis. A higher number of borrowers have positive equity in their homes." … Continue reading Mortgage Interest Rates Update: What Buyers’ & Sellers’ Should Know About the Spring Market
How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median … Continue reading How Long Do Most Families Stay in Their Home?
"Decades of Exceptional Results" 