Market Updates
Existing Home Sales, Inventory on the Rise (Barely)Waiting for a rise in home sales numbers? The National Association of Realtors® (NAR) reported that existing home sales inched up in May by 0.2%, to a seasonally adjusted annual rate of 4.3 million units. This figure...
Market Updates
Selling Rental Properties to Homeowner ClientsSince rental properties are in high demand, you may want to approach your established homeowner clients with listings that are suitable for rental properties. Or a client may be interested in a multi-unit purchase, keeping...
Market Updates
Housing Affordability Posts Solid GainRecent data found that housing affordability improved during the first months of 2023.According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), the combination of rising wages, lower mortgage interest rates and lower home...
Market Updates
It's National Homeownership MonthEven though National Homeownership Month has already begun, you have plenty of time to spread the good news.Your mission: describe the unique benefits of owning one's home, including becoming part of a lasting community, building...
Market Updates
Inventory Increases, Sales SlideThe ever-unpredictable real estate market tossed agents another curve ball last month.Existing home sales fell 3.4% in April from March, with sales over 23% lower year-over-year. However, there was a slight, 1% increase in the inventory...
Market Updates
Mortgage Demand Surges After Fed Suggests Rate Hike PauseAfter 14 months of Federal Reserve rate hikes, chairman Jerome Powell hinted at a potential end to the inflation cooling strategy.This had a positive effect on mortgage rates. They fell slightly in the first...
Market Updates
Renters Take Opposing Views on Home OwnershipConsidering that renters are still priced out of the market in some areas, many of them are feeling hopeless about their prospects.While 51% of them consider home ownership an extremely important financial goal, many are...
Market Updates
Home Purchases, Mortgage Applications on The RiseDuring the last week of April, the average interest rate for 30-year fixed-rate conforming loans increased to 6.55% from 6.43%.However, loan applications rose 5% during the same week. The recent softening in house...
Market Updates
Home Sales Head SouthSales of existing homes fell 2.4% in March as more buyers wait for lower mortgage rates.This was after home sales increased in February 2023, which was the first increase in a year. Sales fell in the West, Midwest and Southern regions, but were...
Market Updates
Do You Always Speak Your Clients' Language?Have you ever read through a doctor's notes after a visit, or listened to your dentist dictate the state of your teeth to an assistant during a checkup? Chances are you didn't know what on earth they were talking about.If...
Recent Comments