Support The Leukemia & Lymphoma Society Save the Date: Sip, Snack & Support Join us on Saturday, September 17th as we host the 2nd annual neighborhood ‘Sip, Snack & Support’ at Margo’s Pizza Kitchen & Bar for an evening of live music, incredible silent auction items, and raffle prizes including gift cards to some of […]
June 2022 Monthly Housing Market Trends Report The inventory of homes for sale increased again in June, the largest increase in the data’s history. The national inventory of active listings increased by 18.7% over last year, while the total inventory of unsold homes, including pending listings, still declined by 1.4% due to a decline in […]
Mortgage rates rise sharply after three weeks of easing Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely […]
Home Buyers Rushed In as Mortgage Rates Rose, Boosting Housing Prices Across U.S. Home prices continued to surge in virtually every corner of the U.S. during the first quarter as mortgage rates rose rapidly, according to a Tuesday report from the National Association of Realtors. Many buyers rushed to lock in purchases in the first quarter before rates […]
Most and Least Expensive States To Live In Thinking about your next big move? Choosing a place to live is a highly personal decision, and there are a lot of factors that go into it besides purely financial ones. For example, maybe you live in a place with a high cost of living, but you’re […]
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. Powell said he sees a series of quarter-percentage-point increases coming, though he left open the possibility […]
Last Year’s Housing Market Was a Wild Ride… Here’s What to Expect in 2022 The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot […]
Where the Housing Market Is Going in 2022 As Told by 7 Leading Forecast Models A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from […]
Zillow’s home-buying debacle shows how hard it is to use AI to value real estate In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called “Zestimate” would also represent an initial cash offer from the company to purchase […]
Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now There’s never been a housing market quite like this before. Today’s real estate agents are pulling double duty as therapists, consoling heartbroken homebuyers who lost out on their fifth-or 15th-home. First-time homebuyers around the country are being outbid […]
