Is Home Price Appreciation Accelerating Again?
At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to ...
Posted by Missy Ashcraft on May 3, 2021 in Market Statistics
Will the Housing Market Maintain Its Momentum?
Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see ...
Posted by Missy Ashcraft on April 30, 2021 in Market Statistics
Will the Housing Market Bloom This Spring?
Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few ...
Posted by Missy Ashcraft on March 18, 2021 in Market Statistics
6 Simple Graphs Proving This Is Nothing Like Last Time
6 Simple Graphs Proving This Is Nothing Like Last Time
Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its ...
Posted by Missy Ashcraft on March 10, 2021 in Market Statistics
Home Mortgage Rates by Decade
Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.
Locking in a low rate today could save you thousands of dollars ...
Posted by Missy Ashcraft on February 24, 2021 in Market Statistics
July 2020 Market Update
Highlights (the highlights are a comparison between July 2019 and July 2020)
the median detached home price rose 8.3 percent to $251,000
the average detached home price inreased 9.4 percent to $289,677
overall inventory of detached ...
Posted by Missy Ashcraft on August 24, 2020 in Market Statistics
Expert Insights on the 2020 Housing Market
When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.
Here’s what three ...
Posted by Missy Ashcraft on January 21, 2020 in Market Statistics
2020 Forecast Shows Continued Home Price Appreciation
Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:Additionally, ARCH Mortgage Insurance Company in their ...
Posted by Missy Ashcraft on January 8, 2020 in Market Statistics
Where is the Housing Market Headed in 2020?
Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020!
According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year....
Posted by Missy Ashcraft on January 6, 2020 in Market Statistics
Millennials Are on the Move as First-Time Homebuyers
According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32.
With more millennials entering a homebuying phase of life, they are driving a large portion of the ...
Posted by Missy Ashcraft on December 18, 2019 in Market Statistics
How Long Can This Economic Recovery Last?
The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the ...
Posted by Missy Ashcraft on November 23, 2019 in Market Statistics
This is Not 2008 All Over Again: The Mortgage Lending Factor
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down ...
Posted by Missy Ashcraft on November 21, 2019 in Market Statistics
Homeownership Rate Remains on the Rise
In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market.
The U.S. Census Bureau announced,
“The homeownership rate of 64.8 percent was not statistically ...
Posted by Missy Ashcraft on November 12, 2019 in Market Statistics
Home Prices Increase in Every Price Range
CoreLogic’s Home Price Index (HPI) Report revealed,
“National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.”
They also analyzed four individual ...
Posted by Missy Ashcraft on September 24, 2019 in Market Statistics
New Study Reveals One Surprising Reason for the Inventory Shortage
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim ...
Posted by Missy Ashcraft on May 1, 2019 in Market Statistics
Are Low Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% ...
Posted by Missy Ashcraft on April 25, 2019 in Market Statistics
Buyer Demand Surging as Spring Market Begins
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade.
However, according to two separate reports*, ...
Posted by Missy Ashcraft on April 24, 2019 in Market Statistics
Home Value Appreciation Stops Falling, Begins to Stabilize
The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer.
In a recent post on the National ...
Posted by Missy Ashcraft on April 17, 2019 in Market Statistics
Home Buyer Demand Will Be Strong for Years to Come
There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”.
And while this might be ...
Posted by Missy Ashcraft on April 16, 2019 in Market Statistics