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...
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...
