It’s Not a Mortgage Rate Story Anymore
The other day I noticed that mortgage rates were being advertised at some really low levels. Many quotes in the mortgage rate table on my… Read More »It’s Not a Mortgage Rate Story Anymore
Commentary on the latest housing market news, with a focus on home prices, buying and selling conditions, and if another housing crash is right around the corner.
Hint: It probably isn’t for a while, at least with regard to home prices. Though you could argue there’s a major affordability crisis at the moment.
In short, a lack of for-sale supply continues to plague the housing market.
This absence of inventory has resulted in record high home prices, despite a surge in mortgage rates from the 2-3% range to 7% and higher.
And it’s probably hurting first-time home buyers the most, whether it’s an affordability issue or the inability to find a property.
At the same time, home sellers remain in a good spot due to this lack of supply and still relatively strong demand.
The problem for them might be finding a suitable replacement property.
The other day I noticed that mortgage rates were being advertised at some really low levels. Many quotes in the mortgage rate table on my… Read More »It’s Not a Mortgage Rate Story Anymore
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In the not-so-distant past, aka before August 17th, 2024, real estate commissions worked a lot differently. Or at least the rules governing them did. Back… Read More »How Does Real Estate Commission Work Now?
Well, here we are. It took longer than expected, but mortgage rates have finally strung together a decent rally after nearly three years of increases.… Read More »Will Home Prices Go Up When Interest Rates Go Down?
I got active on Twitter over the past year and change and to my surprise (not sure why it’s surprising really), encountered lots of housing… Read More »Will the Housing Market Crash in 2025?
If you’re new to real estate and preparing to make an offer on a property, you might be wondering what mortgage is best for a… Read More »What’s the Best Mortgage for First Time Buyers?
I had a conversation with a friend the other day about his current housing situation. In a nutshell, the home he resides in isn’t large… Read More »Is Rent Out and Rent the New Way to Move to a Different House?
I’ve already written at length about the pros and cons of a 15-year fixed mortgage, but some financial experts claim you shouldn’t even buy a… Read More »Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?
Real estate Q&A: “When should you start looking for a house?” The short answer: Immediately. That is, if you want to buy a home at… Read More »When Should You Start Looking for a House?