Why Home Prices Keep Going Up   If you've ever considered purchasing your own home or selling your current home to upgrade, you're familiar with the emotional rollercoaster that fluctuating home prices can create. It is a story of financial goals, uncertainty, and a touch of anxiety that many have experienced. However, if you put off relocating out of concern that home prices will decline, you should know that they will not. In fact, the opposite is true. National... [read more]

This is a January 2023 Market Update. If you like this kind of information, be sure to like, share, and follow as I will be sharing more informative videos about the real estate market, as well as home selling and home buying tips! Now I want to start off with the reality of 2022, and that is that the 30-year fixed rate in this country doubled over the last year. We started out at around 3.2% back in January a year ago, and we ended up right at around 6.4% as we wrapped up the... [read more]

The Two Big Issues the Housing Market’s Facing Right Now   The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break... [read more]

Americans Still View Homeownership as the American Dream The American Dream means different things to different people. But for  many people, it's a sign of freedom, success, and wealth. These are all benefits that property ownership can provide. In a recent study, Bankrate inquired as to what people consider to be the pinnacle of the American Dream. Based on the comments, it's clear that home ownership is still highly valued by many... [read more]

How Inflation Affects the Housing Market Have you ever thought about how inflation affects the housing market? They are, believe it or not, linked. When one is changed, the other is affected. Here's a high-level outline of the two's relationship. The Connection Between Housing and Overall Inflation   Shelter inflation is a measure of price rise in the housing market. It is based on a Bureau of Labor Statistics (BLS) study of renters and homeowners. Renters are... [read more]