Real Estate Market Insights

For many homeowners, a mortgage is the largest financial commitment they will ever make. While owning a home is a significant achievement, the prospect of paying off a mortgage over several decades can feel daunting. However, with careful planning and strategic financial decisions, it is possible to take control of your mortgage and even pay […]

The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing, especially if you’ve been following along and seeing the

The Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices nationwide rose 0.4% from February to March after seasonal adjustment. This follows the 0.3% monthly gain seen in February. Home prices were also 0.7% higher when compared to March 2022, though this annual reading is a decline from the

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years

I’ve never known anyone who can regularly predict when the real estate market will peak, but that doesn’t mean we shouldn’t try to gauge where we are in the real estate cycle. Real estate regularly goes through multi-year cycles of boom and bust periods. These cycles can be broken into four periods: recovery, expansion, hyper-supply,

Are you thinking about buying or selling your home in the near future? If so, then it’s crucial to stay up-to-date on the current state of the real estate market. The first quarter of 2023 has been quite different from what many economists had originally projected. Instead of increasing interest rates to 8%, we’ve seen

As we enter another week in the housing market, the latest data shows a trend that we’ve seen for a while now; more homes are coming on the market, but demand still out strips supply. This can be frustrating for those looking to buy, but it’s also a reminder of the fundamental strength of the

After 13 months of double-digit increases, year-over-year rent growth slowed to a single digit pace in the late summer of 2022. Nevertheless, the cooling off does not mean the rental market will return to what was typical before the pandemic within the short term, especially when taking the high inflation rate and the strong labor market

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening and

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?