Blog
MORTGAGE RATES SLIP AMID BANKING TURBULENCE
Mortgage rates largely follow the course of 10-year Treasury yields, which have been falling ever since the announcement of the closures of Silicon Valley Bank, Signature Bank and Silvergate Capital. Read More
PENDING HOME SALES TREND UP FOR FIRST TIME SINCE LAST SPRING
In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5% from November. Read More
MORTGAGE RATES DROP AGAIN TO AVERAGE 6.42%
The average long-term U.S. mortgage rate fell for the second straight week which, combined with moderating home prices, could give house hunters a break and the housing market a boost as the spring buying season begins. Read More
FALLING EXISTING-HOME SALES REVERSE AS RECORD-STREAK OF PRICE HIKES END
It was the first time in a year that existing-home sales did not decline from one month to another. In February, homebuyers took advantage of modest mortgage rate declines and home prices decreases, experts said. “Conscious of changing mortgage rates, homebuyers are taking advantage of any rate declines,” NAR Chief Economist Lawrence Yun said in a statement. “Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” Read More
WHAT’S IN STORE FOR THE SPRING HOME BUYING MARKET?
By now, seeing inventory fall every week is no longer a surprise... even though it’s March, when we’d normally expect inventory to be increasing each week as the peak home buying season is almost upon us. But this year, sellers are holding back. Read More
HOMEOWNERS’ ZEAL FOR CURB APPEAL MAY PAY OFF HANDSOMELY
“It’s no surprise that nearly all REALTORS® and most homeowners place a high value on the curb appeal of a well-maintained yard,” says NALP CEO Britt Wood. “Healthy outdoor living and green spaces help the environment, increase home values, make communities more desirable and improve people’s mental and physical health. Read More
FINANCIAL STRESS PUSHES MORTGAGE RATES TO 6.6%
After five weeks of increases, the average rate for a 30-year, fixed-rate mortgage fell to 6.6% from last week’s 6.73%. One year earlier it was 4.16%. Read More
2 THINGS SELLERS NEED TO KNOW THIS SPRING
BOTTOM LINE: There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today. Read More
IS THE MEDIA KEEPING BUYERS IN A STATE OF FEAR?
CHICAGO – Are negative headlines about the housing slowdown giving homebuyers the jitters just as the busy spring season approaches? Homebuilders think so. Read More
LET’S EXPLORE THE GROVE BY THE SEA, SANTA ROSA BEACH, FL
THINKING ABOUT MOVING TO THE GROVE BY THE SEA, SANTA ROSA BEACH FL? LET'S EXPLORE IT! Read More