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The Two Big Issues the Housing Market’s Facing Right Now

The Two Big Issues the Housing Market’s Facing Right Now

by Stig Bergquist | Feb 21, 2023 | Buyers & Sellers, Housing Market Updates, Interest Rates

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked...
MORTGAGE RATE INTEREST – WHAT YOU NEED TO KNOW

MORTGAGE RATE INTEREST – WHAT YOU NEED TO KNOW

by Stig Bergquist | Feb 8, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates

Understanding mortgage rate interest is essential if you’re in the market for a home or just trying to get a better handle on your current mortgage loan. When it comes to mortgages, the interest rate can be confusing—it’s not always as straightforward as we might like...
The Top Reasons for Selling Your House

The Top Reasons for Selling Your House

by Stig Bergquist | Feb 6, 2023 | Interest Rates, Sellers, Selling Myths

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have...
What To Expect from the Housing Market in 2023

What To Expect from the Housing Market in 2023

by Stig Bergquist | Dec 21, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more...
WHAT WILL THE HOUSING MARKET LOOK LIKE IN 2023?

WHAT WILL THE HOUSING MARKET LOOK LIKE IN 2023?

by Stig Bergquist | Dec 10, 2022 | Housing Market Updates, Interest Rates, Millennial home, Price Growth

In a world where things are changing rapidly, it can be hard to predict what an industry will look like. But that doesn’t mean predictions aren’t worth exploring, especially regarding the housing market. With more than half of all Americans being homeowners,...
What’s Going on with Home Prices? Ask a Professional.

What’s Going on with Home Prices? Ask a Professional.

by Stig Bergquist | Dec 6, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price...
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