Real Estate

Why Is It So Difficult to Find a House to Buy Right Now? If you’re contemplating a move in the current market, you’re likely wondering: Why are there so few houses available for purchase? While it might seem tempting to wait for more options to become available, that might not be the wisest course of action. Here’s the rationale behind it. The scarcity of homes on the market isn’t a new phenomenon; it’s been an ongoing issue for several years. Let’s delve into the long-term and short-term factors contributing to this limited availability. Chronic Underbuilding Adds to the Problem One […]

Interest Rates and Housing Market Updates If you’re considering purchasing a home this year, you’re likely keeping a keen eye on mortgage rates. Given that these rates directly influence your home loan affordability—especially in today’s challenging market—it’s crucial to understand their historical trends, current standing, and potential future movements. Additionally, it’s vital to examine how mortgage rates correlate with inflation for a more comprehensive outlook. Understanding the Recent Surge in Rates Freddie Mac has been monitoring the 30-year fixed mortgage rate since April 1971. They publish the findings of their Primary Mortgage Market Survey weekly, which compiles mortgage application data

If you’re a baby boomer contemplating a change after years in your current residence, the decision to sell your home brings with it numerous considerations. Will you relocate to another state or stay local? Are you looking to rightsize or perhaps require more space for your family? One of the most crucial questions you’ll face is whether to purchase your next home or opt for renting. Your choice will hinge on your present circumstances and your long-term objectives. Here are a couple of key aspects to guide your decision-making process. Anticipate Rising Rental Costs The chart below, based on Census