May 20, 2024

The Number of Homes for Sale Is Increasing

Advice, Buyer, Market Trends, Real Estate, Seller / By Keith LaBrunda - RE/MAX Select

The past couple of years have been challenging for home buyers due to the limited number of available homes. However, the situation is beginning to improve. This year, the housing market is seeing an increase in available homes. The graph below, based on the latest data from Realtor.com, shows that in April 2024, there were more homes for sale compared to the past few years (2021-2023): As Realtor.com states: “There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.” But […]

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What’s Next for Home Prices and Mortgage Rates?

Advice, Buyer, Market Trends, Mortgage Rates, Real Estate, Seller / By Keith LaBrunda - RE/MAX Select

If you’re planning to move this year, two key housing market factors are likely on your mind: home prices and mortgage rates. You’re probably wondering what the future holds and whether it’s better to act now or wait. The best approach is to base your decision on the latest information. Here’s what experts are saying about both home prices and mortgage rates: What’s Next for Home Prices? A reliable source for home price forecasts is the Home Price Expectations Survey from Fannie Mae – which gathers insights from over one hundred economists, real estate experts, and market strategists. According to

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