Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. The U.S. adds whopping 528,000 jobs in July as the labor market booms. Employers continue to raise wages at a strong clip and generally maintain longer hours for workers. The sustained labor market Continue Reading
Consider this if rising home prices leave you wondering if renting or buying a home in today’s housing market makes more sense. It’s not just home prices that have risen in recent years – rental prices have also skyrocketed. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record Continue Reading
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were Continue Reading
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and Continue Reading
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still rising. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst Continue Reading
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession. If true, an economic slowdown does not mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a Continue Reading
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. Today’s Mortgage Rates Impact Your Home Purchase. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates Continue Reading
“[M]ake sure you have all the cash you will need for the transaction readily available. If you are receiving a gift, try to have it in the bank in advance.” The article discusses important topics Buyers Need to Know. Buying in a seller’s market is a nerve-wracking endeavor for most, but it doesn’t have to be. Melissa Cohn (quoted), William Raveis Real Estate, Mortgage & Continue Reading
After a Moving into A New Home “In the News” in Caroline Biggs's article for Martha Stewart Magazine: "Five Important Things to Do After Moving Into a New Home". The article provides salient guidance to buyers on things to do after moving. A delight to be part of Martha Stewart's publication with my colleague Annie Gruenberger at Warburg. The Flow of the New Continue Reading
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