Tag: Housing Market News
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Empower Homebuyers In Santa Clara County
We believe communities prosper when people can own a home in places that matter to them. Article From https://housingtrustsv.org/ With housing costs so high, many of our friends, families, colleagues, and neighbors in the greater Bay Area cannot afford to purchase a home here, because securing a down payment is out of reach. In San…
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N.A.R. (National Association of Real) $418 Million Settlement, The Implication To Buyers And Sellers
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The recent settlement announced by the National Association of Realtors could have a significant impact on how Americans buy and sell their homes. The agreement aims to change rules criticized for driving up home prices, potentially making the housing market fairer for buyers and sellers. However, some aspects will remain familiar even after the $418…
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Is the Housing Market Headed for a Crash? Here’s What the Experts Say
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Key Points: It’s frustrating for potential homebuyers to watch property prices continually climb. Even with some of the highest mortgage rates in over two decades, home prices remain on an upward trajectory. According to the National Association of Realtors (NAR), home prices rose again in January, marking the seventh consecutive month of year-over-year increases. Despite…
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2024 Spring Boost In The Housing Market: Biggest Jump In 3 Years
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Key Points: Impact on the Spring Home Shopping Season: Mortgage Rates and Seller Decisions: Home Prices and Market Dynamics: Challenges and Considerations: Buyer Activity and Market Dynamics: Final Thoughts: The housing market is experiencing positive shifts, with increased listings and buyer activity. While sellers are taking advantage of perceived mortgage rate stability, challenges in supply…
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Real Estate Update 12/2023: Homebuyers Pause as Interest Rates Rise
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Key Points: Mortgage demand is facing challenges as interest rates make a comeback, affecting especially those looking to buy homes. What Happened: Why the Pause: What’s Behind the Rates: In conclusion, the real estate market is seeing a slowdown in homebuyer activity as interest rates tick up. Mortgage applications for refinancing are on the rise,…
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Good News For Home Affordability In December 2023
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Key Points: In December 2023, the U.S. saw positive changes in housing affordability, according to the National Association of Realtors (NAR). Monthly Improvements: Regional Differences: Yearly Changes: Job Market and Mortgage Rates: Final Thoughts: December brought good news for homebuyers, with improvements in affordability at the national level. While challenges persist, the positive trends in…