by Stig Bergquist | Sep 17, 2023 | Home Value, Housing Market Updates, Interest Rates, Market Trends, Market Updates
Time for your monthly dive into the housing market trends for August 2023. Let’s break it down in a more casual, easy-to-digest manner: Homes Up for Grabs: There were 7.9% fewer homes up for sale compared to last year. Yep, it’s a bit of a decrease. ...
by Stig Bergquist | Sep 14, 2023 | Buyers & Sellers, Housing Market Updates, Interest Rates
One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough...
by Stig Bergquist | Sep 6, 2023 | Housing Market Updates, Interest Rates
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of...
by Stig Bergquist | Aug 22, 2023 | Buyers, Buying Myths, Interest Rates
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s...
by Stig Bergquist | Aug 17, 2023 | Advice for Homeowners, Budget Statistics, Buying a Home, Covid-19, Interest Rates, Mortgage Rates
The recent surge in mortgage rates has created what’s being called the “golden handcuff effect” for homeowners. Like financial incentives employers offer to keep employees from leaving, low mortgage rates have made many homeowners feel “locked in” to their existing...
by Stig Bergquist | Aug 17, 2023 | Advice For Buyers, Buyer, Buying a Home, Interest Rates, Mortgage Rates
If mortgage rates drop to 5%, prepare for some excitement in the housing market! According to a Zillow survey, nearly 40% of homeowners with mortgage rates above 5% are considering selling their homes within the next three years. This is almost twice the number of...
