Northeast Leads In Home Price Increases

by | Oct 16, 2023 | Uncategorized

New Zillow Report Identifies Northeast States for Prices Increase A reverse in the price appreciation trajectory put the Northeast states in the lead for prices of recently sold homes. The states in the bottom 12 were the big winners during the pandemic bull market,...

Unaffordability, Inventory & Higher Rates

by | Oct 13, 2023 | Uncategorized

The inventory crisis has appeared to not only lead to higher prices but even more so less affordability for the median-price single-family home. For the third quarter of 2023 99% of the counties in the country appeared to have grown less affordable, according to ATTOM...

ARMs Rise in Mortgage Market

by | Oct 12, 2023 | Uncategorized

Will Adjustable-Rate Mortgages Be the Answer? The Mortgage Bankers Association reported that the average rate on a 30-year fixed mortgage climbed to 7.67%, this is up from 7.53% for the prior week. Such a mortgage requires a 20% down payment. Now buyers are looking to...