How Potential Recessions Impact Housing One of the biggest takeaways from the Great Recession of 2008 was the crash of commercial and residential housing. However, these two are not synonymous with each other. A recession, which would still are not even sure if one will happen, does not lead to a housing crisis every time.
Future Of Home Prices There is a growing sentiment around the real estate market that prices will have to fall because of higher mortgage rates. However, there is some strong data showing that this will likely not be the case, at least for the time being. For those who are debating on buying, selling, or
Sellers Get Top Dollar In 2022 When selling a home, you always wonder if you are getting the most possible back from your investment. Especially in a strong demand environment where supply is low, sellers are looking to get the most they can. For real estate, the time to get the most back from your
Homeowners Benefit From Price Increases As we have previously discussed in our real estate blog, home prices have surged throughout the United States. According to the National Association of Realtors, NAR, home prices rose in 99% of measured markets. In fact, 78% of measured markets saw double-digit price gains. Fortunately for many buyers, especially first-time
Home Sales Continuous Increase There has been talks that the rising mortgage rates will taper the real estate market. While rising rates may price out the lower end of buyers, these rates are still at historically low levels. Mortgage rates are still well below their 5-year average, which sits in the middle-4% range. Many experts
Over the course of the pandemic, it seems like everyone has purchased a home. While this might seem like the phenomenon, it is not entirely the case. Over the past year, homeownership rates have remained little changed. With the national rate of homeownership maintaining at 65.4%, the rate is still well above the average rates
