The big news about the Fed dropping their rate last week didn't cause people to rush out and buy a house - in fact, we didn't even do as well as last year when rates were 1% higher (51 new pendings over the last seven days vs 54 last year at this time). Rates being 1%...
So we got the expected 1/4% from the Fed, and mortgage rates didn't move - it was priced in. What's worse is talk of another Fed cut is needed just to keep mortgage rates where they are today. From MND: That means, all other things being equal, if the Fed were to say...
Where to move by color! Just find an affordable blue area that suits you. From NPR: Ten years after the housing collapse, a new and different housing crisis has emerged. Back then, people were losing their homes as home values crashed and homeowners went underwater....
Ryan is probably the most similar blogger to me because he's in the business and sees what is actually happening on the street. He does a ton of charts and graphs, so if you're analytical give his blog a look: www.sacramentoappraisalblog.com He sums up his current...
This collection of opinions has more reach - and more influence - than those of any part-time blogger. Thankfully, these experts are split on whether the alleged slowdown is temporary, so readers will just be on their merry way in hopes that it will all work out....
NSDCC Detached-Home Sales Jan 1 to June 30: Year Number of Closed Sales Median Sales Price Median Days on Market 2013 1,670 $919,950 21 2014 1,430 $1,020,000 24 2015 1,560 $1,120,000 23 2016 1,526 $1,150,000 24 2017 1,595 $1,225,000 19 2018 1,420 $1,325,000 17 2019...
We were talking with some friends last night about how much financial support is going towards kids, and how it will affect real estate in the future. On one hand, it's the Bank of Mom and Dad, and helping to keep the market afloat when funding home purchases at these...
Is he saying to get off the couch and move? “Since last year, several forces have helped increase the market potential for existing-home sales,” said Fleming. “House-buying power, driven by falling mortgage rates and rising household income, contributed to a gain of...
One of the more vocal doomers is at it again. Here's a link to an article from 2014 when he thought the sky was falling: https://www.marketwatch.com/story/this-house-market-is-falling-apart-2014-08-26 Today's version - an excerpt: There are growing signs that U.S....
The market usually feels some impact this time of year from the graduation season, and it's understandable. People who have kids, or anybody who is related to people with kids in eighth grade, twelfth grade or seniors in college will be distracted for a few days. And...
