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...
We understand how incredibly frustrating and disheartening the current mortgage rate environment is. Everybody had a prediction going into Summer 2023 that mortgage rates would decrease. Unfortunately, the resilient U.S. economy, the Fed’s ongoing war on inflation,...
If you want to buy a home but are waiting for housing to become more affordable, you want to be paying attention to what’s going on with the economy. The Federal Reserve paused rate hikes last week thanks to several indicators pointing towards a cooling economy:...
The housing market has slowed down a bit in the wake of affordability challenges. While there is still plenty of demand for housing and homes keep selling quickly (the median number of days on market has dropped nearly 50% since the beginning of the year), we are...
If you Google “recession” today, you’ll find thousands and economic news sources about what to expect in the economy. Some believe that a recession is inevitable and bound to happen soon thanks to record-high inflation and the Federal Reserve raising interest rates to...
In an environment where mortgage interest rates are high, rate buydown strategies can be very helpful for homebuyers who are worried about being able to afford a new mortgage payment. One of the most widely used rate buydown strategies today is called a 2-1 buydown....
