by Stig Bergquist | May 17, 2023 | Advice for Buyers and Sellers, Budget Statistics, Housing Market Updates, Interest Rates, Market Updates
The current higher interest rate environment in the United States is having an impact on the housing market. Due to the Federal Reserve’s monetary policy changes implemented in March 2022 to curb inflation, interest rates have increased, which has led to higher...
by Stig Bergquist | May 17, 2023 | Advice for Buyers and Sellers, Housing Market Updates, Market Trends
The stability of the real estate industry, particularly in terms of lending, has been called into question following the recent failures of Silicon Valley Bank, Silvergate, and Signature Bank. While individual bank failures may not cause a widespread crash, they can...
by Stig Bergquist | Apr 11, 2023 | Advice for Buyers and Sellers, Budget Statistics, Housing Market Updates
The US housing market has been through a tough time over the last few years. Interest rates have been high, causing residential investment to contract for seven straight quarters. This has been the longest such streak since the collapse of the housing bubble caused by...
by Stig Bergquist | May 11, 2022 | Advice for Buyers and Sellers, Housing Market Updates, Predictions
Prediction 1: Mortgage interest rates will rise It was predicted that mortgage rates would rise in 2022. Lawrence Yun, the chief economist at the National Association of Realtors, thought rates would be around 4% during 2022. The Mortgage Bankers Association said the...
by Stig Bergquist | Feb 5, 2022 | Advice for Buyers and Sellers, Housing Market Updates, Interest Rates
The primary reason for the sellers’ market experienced in most United States of America is the lack of housing. This is because demand for housing exceeds the supply. However, the good news is coming from the U.S. Census Bureau for December of 2021. More housing...
by Stig Bergquist | Jan 13, 2022 | Advice for Buyers and Sellers, Housing Market Updates
Danielle Hale, Realtor.com chief economist: “Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs.” Bob Pinnegar, president and CEO of the National Apartment Association: “Demand for apartment and...
