There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very ... » Learn More about What Do Supply and Demand Tell Us About Today’s Housing Market?
General Real Estate Information
The Main Key To Understanding the Rise in Mortgage Rates
Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed ... » Learn More about The Main Key To Understanding the Rise in Mortgage Rates
As Home Equity Rises, So Does Your Wealth
Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one ... » Learn More about As Home Equity Rises, So Does Your Wealth
Thinking of Buying or Selling a Home This Fall?
Our housing market has a lot to offer both buyers and sellers right now. Here are a couple of great real estate guides that explain what you needs to know about the general real estate market. Buy a Home Fall 2021 Sell Your House Fall 2021 If you have any questions about buying or selling ... » Learn More about Thinking of Buying or Selling a Home This Fall?
Is the Number of Homes for Sale Finally Growing?
An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be ... » Learn More about Is the Number of Homes for Sale Finally Growing?