Market Trends and Updates

Nov. 27, 2025

When Is the Best Time of Year to Buy a House?

If you’re in the market to purchase a home, you’ve likely wondered, “Is now the right time?” With economic uncertainty, shifting interest rates, and rising home prices in many regions, it’s understandable to feel cautious. Still, buying a home is ultimately a strategic balance of timing, preparation, and understanding …

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Nov. 14, 2025

The Housing Market Is Finally Turning a Corner Heading Into 2026

After years of elevated mortgage rates and cautious buyers, the housing market is showing real signs of life again. Sellers are stepping back into the market. Buyers are becoming more active. And for the first time in a long while, there’s some genuine momentum returning.

It’s not a boom. It’s …

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Nov. 6, 2025

What a Government Shutdown Really Means for the Housing Market

There’s been a lot of talk lately about how a government shutdown might affect the housing market. You might be wondering—does everything come to a stop?

The short answer: No.

The housing market doesn’t freeze. Homes are still being bought and sold, contracts are still signed, and closings continue to …

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Sept. 11, 2025

Mortgage Rates Just Had Their Biggest One-Day Drop in a Year!

You’ve been waiting for mortgage rates to finally budge. Last week, they did—and in a big way. On Friday, September 5th, the average 30-year fixed rate fell to its lowest level since October 2024.

It was the largest single-day decline in over a year.

 

What Sparked the Drop?

Per …

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Aug. 9, 2025

How Accurate Are Online Home Estimates? What You Need to Know

In today’s fast-moving real estate market, many homeowners turn to websites like Zillow, Redfin, or Realtor.com to get a quick idea of their home’s value. These online tools, often called automated valuation models (AVMs), can provide an instant estimate based on public data. But how accurate are they—really …

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March 7, 2025

Is Now the Right Time to Buy a Home? Here’s Why Prices Are Likely to Keep Rising

You’ve probably heard the saying, “The best time to buy a home was yesterday, but the next best time is today.” That sentiment holds true, especially in today’s market where home prices continue their upward trend.

With mortgage rates still high and home prices steadily climbing, you might be …

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Jan. 2, 2025

2025 Housing Market Outlook: Opportunities for Buyers Amid Stabilizing Rates and Growing Inventory

The housing market could open up more opportunities to home buyers in the new year and lead to a housing rebound after two years of sluggish sales, housing economists said on Thursday during the National Association of REALTORS®’ Real Estate Forecast Summit. During the virtual summit, NAR released its 2025 …

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Dec. 16, 2024

Bright MLS November 2024 Housing Report

Fourth Quarter Boost in Home Sales Activity: Buyers are Active Despite Elevated Mortgage Rates and Prices

November was an unusually busy month for the housing market across the Bright MLS service area. Many homebuyers and sellers aimed to finalize their moves before the year's end. While seasonal cooling led …

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Oct. 7, 2024

Why Now Is the Time to Buy a Home

After months on the sidelines, many homebuyers who faced high mortgage rates and affordability challenges now have a golden opportunity to make their move. With rates trending downward, today’s market presents a unique sweet spot for buyers—one that may not last long.

If you have been considering a move, here …

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Sept. 30, 2024

National Market Update: Rising Home Sales, Lower Prices, and Positive Trends for Buyers

The national real estate market is showing signs of positive momentum, with new home sales up nearly 10% compared to last year and median home prices dropping by almost 5%. This shift is creating a more favorable environment for buyers. While August saw a slight dip in sales, July posted …

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