First Comes Love… Then Comes Mortgage? Couples Lead the Way
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that ...
Posted by Missy Ashcraft on February 14, 2019 in Market Statistics
How to Get a Better Perspective on Affordability
Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate.
Understandably, buying a home is more expensive now than immediately following one of the ...
Posted by Missy Ashcraft on February 13, 2019 in Market Statistics
3 Things You Need in a Shifting Real Estate Market
Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising ...
Posted by Missy Ashcraft on January 30, 2019 in Market Statistics
What is the Cost of Waiting Until Next Year to Buy?
The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
Freddie Mac predicts interest rates to rise to 5.1% by the end of ...
Posted by Missy Ashcraft on January 25, 2019 in Market Statistics
Last Chance! Homes are a Bargain Compared to Historic Norms
A loaf of bread used to be a nickel. A movie ticket was a dime. Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we ...
Posted by Missy Ashcraft on January 24, 2019 in Market Statistics
The Cost Across Time
With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
Rates are projected to climb to 5.0% by this time next year according to Freddie Mac.
The impact your ...
Posted by Missy Ashcraft on January 18, 2019 in Market Statistics
Is the Recent Dip in Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie ...
Posted by Missy Ashcraft on January 16, 2019 in Market Statistics
24 Hours that Suddenly Improved the Market
This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several ...
Posted by Missy Ashcraft on January 3, 2019 in Market Statistics
Where is the Housing Market Headed in 2019?
Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
Home prices will rise at a rate of ...
Posted by Missy Ashcraft on December 29, 2018 in Market Statistics
4 Quick Reasons NOT to Fear a Housing Crash
There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago.
Here are four reasons why ...
Posted by Missy Ashcraft on December 27, 2018 in Market Statistics
NM Housing Sales Boom....Beating National Trends
ALBUQUERQUE, N.M. (AP) — The housing market in New Mexico appears to be booming as sales are setting records and bucking national trends.
More than 2,600 sales were reported last month to the New Mexico Association of Realtors. ...
Posted by Missy Ashcraft on December 24, 2018 in Market Statistics
No Bubble Here! How New Mortgage Standards Are Helping
Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon ...
Posted by Missy Ashcraft on December 20, 2018 in Market Statistics
The Tale of Two Markets
An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to ...
Posted by Missy Ashcraft on December 13, 2018 in Market Statistics
Where Are Interest Rates Headed in 2019?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search....
Posted by Missy Ashcraft on December 11, 2018 in Market Statistics
US Average Mortgage Rates Remain Steady, 30-Year Stays at 4.81%
BY ASSOCIATED PRESS
Published: Thursday, November 29th, 2018 at 8:57am
WASHINGTON — U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier.
Home borrowing rates ...
Posted by Missy Ashcraft on December 9, 2018 in Market Statistics
NM Home Sales on Track for Banner Year
BY ABQJOURNAL NEWS STAFF
Friday, November 16th, 2018 at 10:41am
ALBUQUERQUE, N.M. — New Mexico’s housing market is on track for a banner year, bucking a slowdown or leveling off of home sales in other parts of the country, ...
Posted by Missy Ashcraft on December 9, 2018 in Market Statistics
Further Proof It’s NOT 2008 All Over Again
Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.
However, some are seeing these adjustments as ...
Posted by Missy Ashcraft on December 6, 2018 in Market Statistics
Females Are Making It a Priority to Invest in Real Estate!
Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it!
In 2018, for the second year in a row, single ...
Posted by Missy Ashcraft on November 28, 2018 in Market Statistics
2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real ...
Posted by Missy Ashcraft on October 5, 2018 in Market Statistics
What Impact Will the New Tax Code Have on Home Values?
Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.
Below is a map, broken down by state, reflecting how ...
Posted by Missy Ashcraft on January 18, 2018 in Market Statistics