by Stig Bergquist | Aug 16, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates
According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this...
by Stig Bergquist | Aug 4, 2022 | Housing Market Updates, Interest Rates, Mortgage Rates, Pricing
Ask almost any real estate agent, and they will tell you that the housing market is slowing down. Some real estate experts call it a correction or say that the market is transitioning. Freddie Mac says that the U.S. housing market is slowing down, whatever you name...
by Stig Bergquist | Jul 12, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates
The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections...
by Stig Bergquist | Jul 7, 2022 | Buyer, Housing Market Updates, Interest Rates
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their...
by Stig Bergquist | May 9, 2022 | Buyers, First Time Home Buyers, Interest Rates
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly...
by Stig Bergquist | Apr 13, 2022 | Buyer, Housing Market Updates, Interest Rates
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more...
