Home Price Forecasts Revised for 2023 [INFOGRAPHIC]   Some Highlights Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to... [read more]

How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC] Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years. That means your net worth can grow significantly in the long term when you own a home.... [read more]

The Three Factors Affecting Home Affordability Today   There has been a great deal of attention on the impact of rising mortgage rates on the affordability of homes for today's purchasers. It is true that rates have substantially increased since the pandemic-era record lows. But home affordability is determined by a combination of mortgage rates, property prices, and wages. Considering how each of these factors is evolving provides a complete picture of the current state of home... [read more]

What You Need To Know About Home Price News May 17, 2023   The latest Existing Home Sales Report from the National Association of Realtors (NAR) will come out tomorrow. The information it has about home prices could be confusing and even make for some scary news. All of this is because the NAR will report the median sales price while other home price indices will report the price at which a home was sold again and again. Most of the indices of these repeat sales show that... [read more]

Why Today’s Appleton Wisconsin Housing Market Isn’t Headed for a Crash   67% of Americans say a housing market crash is imminent in the next three years. Many buyers and sellers that I have spoken with have also thought the same before they finished a great conversation with me. However, I can't blame any of their initial thoughts. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But... [read more]