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1 day ago · Lower rates typically boost buyer affordability and market activity, while higher rates may cool down overheated markets. Global Economic Trends: The real estate market doesn’t operate in a vacuum. Global economic factors, including trade relationships, employment rates, and economic growth, will impact local and national real estate trends.
5 days ago · In 2023, the real estate housing market saw high mortgage rates, climbing to 8%, low housing inventory, high home prices and suppressed mortgage demand. This has led to an overall decline in...
2 days ago · Current Housing Market Trends. As of April 2024, home prices nationwide, inclusive of distressed sales, witnessed a notable year-over-year increase of 5.3% compared to April 2023. Moreover, on a month-over-month basis, home prices surged by 1.1% from March 2024. It's essential to recognize that revisions with public records data are standard ...
3 days ago · The year 2023 looks much like the year 2022 in the Lehigh Valley housing market: higher prices, increased mortgage rates and lower sales. The Greater Lehigh Valley Realtors (GLVR) reported that January data indicates the start of 2023 is “in a state of rebalance,” with “many buyers and sellers remaining cautious while they wait to see ...
4 days ago · As of this year, the mortgage rates took a plop from 6.38% to 5.28% for 15-year FIXED RATE MORTGAGES. For 30-year FRM, a drop from 7.08% as of November 2022 to 6.15% by January 2023, according to ...
5 days ago · Home prices could start dropping this summer, marking the ‘first domino to fall’ on the way to a weaker economy, strategist says. "The housing market is really the first domino to fall on what ...
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2 days ago · Bought a Home Pre-Pandemic? Here's How Much It's Worth Now (Break Out the Champagne) Here’s where home prices have risen the most in the past five years—and why some sellers might not want to...
