The average 30-year fixed rate mortgage exceeded 5% in April, the highest level    since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant...

Affordability is the new real estate buzzword. The last two years the inventory shortage that has impacted the market has ultimately driven prices over the last 30 months to hit all-time highs. In addition to making it somewhat lucrative for sellers of homes, the rise...

Our prayers and condolences of Counsellors Title Agency go out to the families, children and community of Ulvade, Texas. 

Inflation is here, but in the real estate market, inflation hurts the population of people looking to buy their first house. The inflation is also hurting buyers through the rise in mortgage rates, which have doubled over the last 12 months. So while the cost of the...

https://youtu.be/PruHySl3IqY The median listing price grew by 15.9% compared with 2021, representing the 22nd straight week of double-digit gains. Even in the light of higher mortgage rates, the trajectory of the prices for existing homes did not let up. While...

While demand to purchase homes continues to outstrip supply, potential sellers are seeking the most cost-efficient ways of staging their homes to attract the best price. The annual owner improvement and repair spending is estimated to reach $430 billion by the second...

One of the reasons the residential real estate market took-off like it did during the pandemic is because there was a rediscovery of the spaces and the services that once made suburbs so attractive were rediscovered. The commuter culture evaporated, and the...

5. Title When purchasing a home, the purchase is not simply about the hard assets or the building itself; the buyer is actually purchasing the legal rights to the land upon which the home rests. These legal rights are described as the title, which is the legal ‘slate’...

https://www.youtube.com/watch?v=cKr7K10YxVc Key Findings: The median listing price grew by 15.8 percent over last year. This marked the 21st week of double-digit gains for the typical home asking price.  Last week’s Fed announcement of higher short term rates was...

1. Loan Pre-Approval – AKA the Pre-Approval Buyers in this very tight market need to go through a vetting process called pre-approval. This form of financial vetting clarifies to the seller, the seller’s agent and the buyer’s agent that the prospective buyers can...

One thing is for sure: there is no sure. Inventory shortages, higher mortgage rates, inflation, and a whole lot of uncertainty is impacting this market on a daily basis! Right now, there is a redirect of a certain percent of buyers due to the accelerated prices over...

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