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.
The top three concerns in the housing market right now are mortgage rates, home prices, and affordability. This year the housing market has truly been defined by rising mortgage rates. Taking a look at the Freddie Mac 30-year fixed rate, we can clearly see the jump earlier this year from 3.22% to over 5%. There […]
As we take a look at the interest rates since January, we can see that is what is really defining the current real estate market right now and the volatility is a result of the moves the Federal Reserve is making to ease inflation – the enemy of long-term interest rates. The National Bureau of […]
Let’s begin this month with the topic of economic slowdown. According to The Wall Street Journal, recession fear surged among CEOs. Three-quarters of global CEOs say that we are in a recession or will be in the next 12 to 18 months. A recession is typically two consecutive quarters of negative GDP. We saw negative […]
