2024 Housing Forecast: What to Expect with Rates, Prices, and the Economy 2023 will go down as one of the worst years in recent memory for the housing market. It started with a continuation of negative trends from the end of 2022 and turned into the least affordable...
Over the past decade, homeownership costs have skyrocketed, posing affordability challenges amidst soaring home prices and high mortgage rates. Did you know that beyond mortgage payments, US homeowners spend an average additional $17,459 yearly? However, these...
Owning a home is a crucial part of finding financial freedom, but deciding when to make the move into homeownership is never an easy decision. That decision is especially hard today with home prices and mortgage rates at record highs. Buying a home now would likely...
Earlier this week, an article was posted to fortune.com with this headline: The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it’s all because of ‘higher for longer’ mortgage rates On first read, this clearly sounds like a warning that...
By now, everyone knows that demand in the housing market has seen a bit of a slump as homebuyers hold back in hopes of improving affordability. Home prices are still near all-time highs, and last week the average 30-year fixed mortgage rate hit a 23-year high. But...
Over the last week, there has been an increase in the number of news articles and talking heads warning that major home price declines are on the horizon. This negativity is largely in response to the release of Zillow’s September 2023 Market Report. The report...
