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Higher Interest Rates and the Impact on the 2023 Housing Market

Higher Interest Rates and the Impact on the 2023 Housing Market

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...
Will the Recent 2023 Bank Failures Affect the Housing Market?

Will the Recent 2023 Bank Failures Affect the Housing Market?

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...
Great News in the Housing Market

Great News in the Housing Market

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...
THE PREDICTIONS FOR 2022 AND THE REALITY

THE PREDICTIONS FOR 2022 AND THE REALITY

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...
NEW HOUSING DATA

NEW HOUSING DATA

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...

WHAT THE EXPERTS PREDICT THE 2022 HOUSING MARKET WILL LOOK LIKE

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...
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Newton, MA 02459
Phone: 617-413-2539
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