Navigating the world of real estate can often feel like a rollercoaster ride, especially when it comes to understanding housing prices. With the median home price in the U.S. reaching a staggering $406,700 in July 2023, many are left wondering: Will housing prices ever see a downturn? The Current State of Housing Prices Are housing… Continue reading Will We Ever See a Decrease in Home Prices Again?
Category: In the News
What Would a Recession Mean for the Housing Market?
The percentage of economists who believe that a recession will occur in the next 12 months is growing, according to a recent survey from the Wall Street Journal. In July 2021, only 12% of economists surveyed thought that there would be a recession by this time in 2022When polled again this past July, 49% of… Continue reading What Would a Recession Mean for the Housing Market?
Here’s Where The Housing Market Is Headed In The Second Half of 2022
Is now a good time to consider selling your home or buying a new one? It’s a good question to ask as the pendulum swings in the housing market. What’s in store for the rest of 2022? Let’s take a look at the factors ahead that will likely influence your decisions. The Impact of Inflation… Continue reading Here’s Where The Housing Market Is Headed In The Second Half of 2022
Where Did America’s Housing Shortage Come From?
The United States has a housing shortage. This chronic shortage of affordable and available homes means that many Americans are unable to buy their own place or rent an apartment at prices they can afford. The result is a nation where the vast majority of people live in rental properties, with less than one-third owning… Continue reading Where Did America’s Housing Shortage Come From?
Home Values are Rising at Record Growth
Home values are rising as the housing market has many homeowners scared that we’ve reached “bubble territory.” Over the past year, values are up 11.6% which is the highest level we’ve seen since the housing crash. But, there’s good news: analysts don’t believe the market is in a bubble. 2004 and 2005 Experienced Different Value… Continue reading Home Values are Rising at Record Growth
Demand for Secondary Homes Skyrocket in 2020
Across the country, the coronavirus pandemic has led to an increase of buyer activity from those who are seeking more space and comfort in secondary home markets. Many individuals find themselves still working and schooling from home nearly 9 months after the crisis began, and even though the economy took a hit, the real estate… Continue reading Demand for Secondary Homes Skyrocket in 2020
A Shift to the Suburbs
When the pandemic started in March of this year, we all believed that it would be over with before the start of summer. Now that we’re seven months into it, many Americans are starting to rethink their way of living. Those who have been living in the big city are finding themselves yearning for more… Continue reading A Shift to the Suburbs
More Home Sellers Join the Market as Demand Climbs
Temperatures are cooling, but new data shows that the real estate market is still hot. New reports from Zillow and Realtor.com show that home sellers feel more confident listing their homes for sale. According to Zillow’s report, more new listings came onto the market in the first week of September than at any other point… Continue reading More Home Sellers Join the Market as Demand Climbs
Despite Higher Prices, Homes are More Affordable Than They Have Been in Years
The U.S. housing market is thriving despite the challenges surrounding the coronavirus pandemic. Prices are rising and homes are selling faster compared to 12 months ago. Despite higher prices, homes are still more affordable than they have been in years. Pending Sales Up 16.9% According to Zillow’s Weekly Market Report, newly pending sales are up… Continue reading Despite Higher Prices, Homes are More Affordable Than They Have Been in Years
Why Supply and Demand is Benefitting Sellers
Supply and demand are the best methods when trying to predict the path forward for the real estate market. The current health crisis has caused many would-be sellers to hold off on putting their properties on the market. The National Association of Realtors reports that existing home sales fell 17.8% in April, but pending home… Continue reading Why Supply and Demand is Benefitting Sellers