Market Updates

Nov. 4, 2023

Continuous Rise in Home Prices: Insights from the Case-Shiller Index

In a remarkable turnaround, home prices have experienced a seven-month streak of growth, as reported by the S&P CoreLogic's Case-Shiller U.S. National Home Price NSA Index. The latest data, released on October 31, reveals that home-price growth surged by 2.6 percent in August 2023, more than doubling ...

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Posted in Market Updates
Sept. 21, 2023

Today's Mortgage Interest Rates Report - September 21, 2023 | Rates Show Decline, but Federal Reserve Hints at Future Hikes

In the ever-fluctuating world of mortgage rates, today's update brings a significant dip in rates across the board. The standout news is the 30-year mortgage rates, which have plummeted by 16 basis points in just one week. But while borrowers may rejoice at the immediate savings potential, there is ...

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Posted in Market Updates
Sept. 20, 2023

Navigating the 2023 Housing Market: Insights and Strategies

As we welcome the arrival of cooler temperatures, the housing market continues to generate heat of its own, leaving potential homebuyers wondering when they can expect more affordable prices. The current scenario is marked by soaring mortgage rates and scorching home prices, which have become increasingly challenging for aspiring homeowners ...

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Posted in Market Updates
Sept. 6, 2023

Home Price Forecasts Revised Up for 2023

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But ...

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Posted in Market Updates
Sept. 5, 2023

Unpacking the Delay: Why Home Sellers Are Holding Off

Due to the ongoing persistence of higher mortgage rates, numerous homeowners may find themselves hesitant to sell, despite their strong desire to relocate. Consequently, the housing market is currently grappling with a scarcity of available listings, leaving potential buyers with limited options.

In the week ending on August 26, new ...

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Posted in Market Updates
Aug. 28, 2023

Generation Z's Impact on the Housing Market: A New Wave of Homeownership

The Emerging Influence of Generation Z in the Real Estate Landscape

The landscape of real estate is undergoing a transformative shift as Generation Z (Gen Z) steps onto the scene with a resolute desire for independence and a place to call their own. The latest findings from the National Association ...

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Posted in Market Updates
Aug. 15, 2023

Current Trends in Residential Relocation: Where and Why Are People Moving?

In the dynamic landscape of modern migration, a substantial number of individuals are embarking on journeys to new locales. If you find yourself contemplating such a move, the current state of the housing market's inventory and affordability might be on your mind. A fresh study conducted by Gravy Analytics ...

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Posted in Market Updates
Aug. 12, 2023

Mid-Atlantic Housing Market Report: July 2023 Insights and Trends

The real estate landscape in the Mid-Atlantic region continues to sizzle, with the July housing report from Bright MLS revealing a 3.9% surge in median home prices. This growth marks the most robust price increase since January and presents a unique trajectory compared to the broader national market. Amidst ...

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Posted in Market Updates
Aug. 11, 2023

The Unprecedented Scarcity in Today's Housing Market: Why Selling Now Makes Sense

If you are contemplating whether it's a good time to put your house on the market, the answer is a resounding yes. This is particularly true when you consider the strikingly limited availability of homes for sale now. You might have heard that housing inventory is at an all-time ...

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Posted in Market Updates
July 25, 2023

Mortgage Rates Decline, but Uncertainty Persists: A Market Analysis

Amid a challenging year for homebuyers, characterized by soaring mortgage rates, exorbitant home prices, and a scarcity of real estate listings, there appears to be a glimmer of hope. Recent data from Freddie Mac reveals that mortgage rates for 30-year fixed-rate loans dropped to 6.78% in the week ending ...

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Posted in Market Updates