When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point. 1. … Continued
With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment … Continued
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on … Continued
Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years … Continued
If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will … Continued
The real estate market in Palm Springs is experiencing a boost in demand as the strong job market fuels homebuyer interest. Despite rising mortgage rates and affordability challenges, buyers are actively searching for available homes. Showing traffic is up, with more people touring homes than before the pandemic. While the market isn’t quite as frenzied as it has been in recent years, there are still plenty of interested buyers on the hunt for their dream home. What’s driving this demand? The job market is growing at a stronger-than-expected pace, despite concerns about inflation and the economy. Overall, Palm Springs is a hot spot for those looking to make a real estate investment in a thriving market.
The National Association of Realtors will release its latest Existing Home Sales Report, which may cause confusion due to its use of median sales price instead of repeat sales prices. The median price can be affected by the composition of homes sold, causing it to decline even if individual home values are rising. Actual home values are going up in most markets, and for a more in-depth understanding of home price movements, it’s recommended to connect with a professional.
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very … Continued
Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your … Continued
Some Highlights While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing back up. If you put your plans to move on hold waiting to see what would happen with home prices, … Continued