Tag Archives: housing market

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Signs Point To Improving Economy and Housing Market

We’ll have to wait and see, but Redfin published a recent report declaring that, according to their data, the housing market has bottomed out and the recovery has begun. The report points to the number of customers requesting first tours of homes rose 17 percentage points from its low in November. Also, the number of

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Rate Trend Improving + Signs of Buyers Coming Back!

Home sales have been slow lately, as you’ve seen me write over these past few weeks; however, I’m seeing some demand signals start to perk up. Redfin reported that their Homebuyer Demand Index, which measures home tour requests and Google searches for homes for sale, is showing a 6 percent increase in buyer activity. Freddie

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This Time of Year in Housing Market

As mortgage rates remain elevated to start the year, we’re seeing buyers step back to the sidelines to wait and see what this year will bring for the housing market and mortgage rates. This is typically a slower time of year for housing sales and mortgage applications, so it’s not that surprising, however, this year

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Mortgage Rates Trending Down as Fed Predicted to Raise Its Rate

Concerns over lackluster economic growth allowed the trend for mortgage rates to continue to improve for the fourth consecutive week. According to Freddie Mac’s latest survey, it’s been since 2008 that rates have seen the decline we’ve seen over the last four weeks! Increased buyer activity has not shown up in the numbers yet, however,

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Happy to Report a Little Good News in Rates This Week…

Rates took a breather from their climb last week and according to the latest survey of average mortgage rates published by Freddie Mac, leveled off and have been holding mostly steady. Freddie Mac also reported declining demand for homes due to higher rates and declining homebuilder confidence. All points to further evidence of the shifts

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Lots of Inflation Data Coming Out, Could Spark Volatility in Rates & Markets

Continued economic uncertainty led to a slight pullback in mortgage rates last week, according to Freddie Mac’s weekly survey of average rates. Yes, rates remain at levels considerably higher than they were this time last year; however, this pullback offered borrowers a little respite. And remember, if you plan to buy soon we have some

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Housing Market Remains Strong, Even as Rates Rise Again

Even as we see the average mortgage rates continue their trend higher, according to Freddie Mac’s weekly survey, data continues to show the strength of the housing market. Yes, there is still re-balancing happening in housing; and yes, of course rising rates are impacting affordability and buyers’ decisions. However, people are still buying homes, selling

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Balance in Housing Market Continues to Improve for Buyers

As we’ve been pointing out, the housing market is shifting and the data I’m seeing continues to provide proof. Realtor.com reported that the time homes for sale are on the market increased 5 days more than last year at the same time, however, homes are still selling 22 days faster than they did pre-pandemic.  Home

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