expertanswers purchasingpower buyingpower homepriceappreciation affordability realestate homevalues: 2022 Housing Market Forecast
- 12/18/21 03:03 AM
2022 Housing Market Forecast Some Highlights What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Let’s connect so you can make your best move in the new year. … (4 comments)
expertanswers purchasingpower buyingpower homepriceappreciation affordability realestate homevalues: How Smart Buyers Are Approaching Rising Mortgage Rates
- 11/25/21 05:14 AM
How Smart Buyers Are Approaching Rising Mortgage Rates Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. Taking Time Off Can Be Costly Mortgage rates … (0 comments)
expertanswers purchasingpower buyingpower homepriceappreciation affordability realestate homevalues: Are Houses Less Affordable Than They Were in Past Decades?
- 08/11/21 05:19 PM
Are Houses Less Affordable Than They Were in Past Decades? There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of a home has appreciated dramatically over the last 45 years. So have the prices of milk, bread, and just about … (1 comments)
expertanswers purchasingpower buyingpower homepriceappreciation affordability realestate homevalues: Housing Wealth: The Missing Piece of the Affordability Equation
- 06/17/21 07:15 PM
Housing Wealth: The Missing Piece of the Affordability Equation The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing market. Many are quick to emphasize the fact that homes today are less affordable than they were last year. Black Knight, a leading provider of data and analytics across the homeownership life cycle, just reported on the … (3 comments)
expertanswers purchasingpower buyingpower homepriceappreciation affordability realestate homevalues: Why Waiting to Buy a Home Could Cost You a Small Fortune
- 05/06/21 05:28 AM
Why Waiting to Buy a Home Could Cost You a Small Fortune Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To determine if they should buy now or wait another year, they both need to ask two simple questions: Do I think home values will be higher a year from now? Do I think … (1 comments)
expertanswers purchasingpower buyingpower homepriceappreciation affordability realestate homevalues: Is Home Price Appreciation Accelerating Again?
- 04/29/21 04:19 AM
Is Home Price Appreciation Accelerating Again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors(NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year. This has forced those who made … (2 comments)
expertanswers purchasingpower buyingpower homepriceappreciation affordability realestate homevalues: With Home Values Surging, Is it Still Affordable to Buy Right Now?
- 12/03/20 08:20 AM
With Home Values Surging, Is it Still Affordable to Buy Right Now? Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation in seasonally-adjusted and year-over-year new pending contract growth for two consecutive months (albeit still growing strongly), the underlying strength of buyer demand, particularly for this time of year, remains apparent.” Whenever there’s a … (0 comments)
2022 Housing Market Forecast 
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