Source: The Ascent — It’s been a really tough go for prospective home buyers since mid-2020. For the past two years and change, the real estate market has sorely lacked inventory. That’s driven home prices upward and forced buyers into countless...
Source: Forbes — Home builder confidence plunged every single month this year as higher interest rates weakened demand in the formerly booming housing market, the National Association of Home Builders reported Monday, but with the Federal Reserve finally...
Source: Reuters — Dec 19 (Reuters) – Confidence among U.S. single-family home builders fell for a record 12th straight month in December as even a scramble to offer incentives for prospective buyers failed to boost traffic and lift sales in today’s...
As a real estate agent, it’s important to always be prepared for the unexpected and to be able to adapt to changing market conditions. With the uncertainty of the current economic climate, it’s more important than ever for agents to be ready for potential...
Source: Fox Business — The search for affordable housing remains a top motivator for homebuyers who are looking to relocate to a new city, according to Redfin’s third quarter migration report. In the third quarter of 2022, a record 24.2% of homebuyers looked...
Source: The Ascent — Right now isn’t the best time to be hunting for a deal on a new mortgage loan, but what if you already own a home and are hoping to refinance it and get a different mortgage rate? Rates are up across the board, so you may not save...