Bidding Wars Persist as Inventory Dwindles

by | May 26, 2022 | Uncategorized

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 and Scarcity

by | May 25, 2022 | Uncategorized

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...

Inflation Fighting Ideas for Staging

by | May 24, 2022 | Uncategorized

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...

More Inventory But Less Time on Market

by | May 23, 2022 | Uncategorized

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 consumer confidence fell a bit,...