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Monthly Archives: June 2023

    Oops! Home Prices Didn’t Crash After All

    By Home Team | June 29, 2023

    During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices to fall 10% to 15%, and the housing prices are accelerating... Read More

    Real Estate Is Still Considered the Best Long-Term Investment

    By Home Team | June 27, 2023

    With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph... Read More

    The Main Reason Mortgage Rates Are So High

    By Home Team | June 25, 2023

    Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:  Why Are Mortgage Rates So High? When Will Rates Go Back Down?... Read More

    This Real Estate Market Is the Strongest of Our Lifetime

    By Home Team | June 23, 2023

    When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point.  1. The Current... Read More

    Are Home Prices Going Up or Down? That Depends…

    By Home Team | June 21, 2023

    Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M).... Read More

    Your Needs Matter More Than Today’s Mortgage Rates

    By Home Team | June 19, 2023

    If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place. It’s true mortgage rates have... Read More

    A Drop in Equity Doesn’t Mean Low Equity

    By Home Team | June 17, 2023

    You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently.  Home prices rose rapidly... Read More

    Why Buying or Selling a Home Helps the Economy and Your Community

    By Home Team | June 15, 2023

    If you’re thinking about buying or selling a house, it’s important to know that it doesn’t just affect your life, but also your community. The National Association of Realtors (NAR) releases a report every year to show how much economic activity is generated by home sales. The chart below illustrates that impact: As the visual shows, when a house is sold, it can make... Read More