Housing Prices

Fast Facts About the Housing Market: June 2018

In June, the National Association of Realtors saw the median existing-home price for all housing types hit a new all-time high. Sales, however, continued to decline — they're down 2.2% from a year ago. This discrepancy between prices and sales is a clear reminder that we're in the midst of an inventory shortage and [...]

By |2019-08-26T23:00:46-04:00August 10th, 2018|Categories: Advice, Loan Officers, Mortgage, Real Estate Agents|Tags: , , , , , |

Fast Facts About the Housing Market: January 2018

At the end of 2017, we were able to look at the past year and see that existing-home sales were up 1.1% from 2016—and it was the best year for sales since 2006. January 2018 looked a little bit different, though. Existing-home sales are 4.8% below levels from a year ago and are at the [...]

By |2018-08-09T03:07:10-04:00February 28th, 2018|Categories: Advice, Mortgage|Tags: , , , , , |

Fast Facts About the Housing Market: November 2017

Was the U.S. housing market something you said you were thankful for at the Thanksgiving table? If not, it should have been! According to Realtor.com, sales in November were 3.8% higher than a year ago and were at their strongest pace since December 2006. The regions with the lowest median home prices also saw the [...]

By |2017-12-26T12:00:36-04:00December 28th, 2017|Categories: Advice, Mortgage|Tags: , , , , , |

What to Look for in the Housing Market in 2018

When it comes to the housing market, there are many factors to consider when making predictions. First, there are many housing markets not just one. Secondly, other more general factors outside of the housing market itself, like population growth, the cost of renting. actual affordability based on current incomes, possible changes in tax policy, changes to lending guidelines, even world events, make it difficult to accurately predict what the 2018 housing market may look like.

By |2018-06-12T05:35:39-04:00December 27th, 2017|Categories: Advice|Tags: , , |

Fast Facts About the Housing Market: October 2017

In September, we saw existing home sales rise for the first time in three months. Then, in October, the market got even hotter with existing home sales increasing to their strongest pace since earlier this summer. However, supply and demand weren’t quite in sync—there were fewer closings on an annual basis for the second straight month due to supply shortages.

By |2018-11-14T05:50:02-04:00December 12th, 2017|Categories: Advice, Mortgage|Tags: , , , , , |