March 2021 Monthly Real Estate Market Update: Home sales, housing supply, inventory, interest / mortgage rates, purchase activity, supply & demand, forbearance, loan modification, loss mitigation, foreclosures, distressed sale, appreciation, prices, equity, and affordability index.
Let’s kick off this month discussing some of the biggest topics in real estate today. Are we in a housing bubble? Let’s take a look at home values going all the way back to World War II – the start of the modern day housing boom in the United States. Notice that 2008 was the […]
Mortgage rates started out at 3.11% for the average 30-year,fixed at the beginning of the year, and they have just steadily climbed since then – up to 4.67%. Rates are projected to continue rising, but at a more moderate pace, because the Fed has risen their rate and mortgage rates tend to follow. So how […]
It’s truly hard to believe that it was two years ago that a worldwide pandemic fundamentally changed the world. The housing market was certainly not immune to that. Let’s take some time to answer some of those burning questions about the real estate market. Prior to the pandemic, a normal year of home price appreciation […]
