Less Homes Being Built and How it Affects the Market
Will Fewer New Construction Homes Impact the Market? Low mortgage rates during the pandemic sent the housing market on an unprecedented run. Now, with buying power and mortgage affordability plummeting, the demand for homes is falling. However, prices remain elevated and complex factors on both sides of the equation could lead to a different outcome […]
The Last 5 Years of the Housing Market Cycle
Can the Housing Market Cycle of the Past 5 Years Help Predict the Future Market? Real estate follows fairly predictable cycles. However, the pandemic of 2020 unseated the fairly steady housing market patterns established in recent years. This instability can make it challenging to predict when to enter the market, whether you’re buying a home […]
How a Mortgage Buydown Can Help Your Client Get a Lower Interest Rate
Getting a lower interest rate is bound to be a top priority for anyone looking to buy a home right now. As a real estate agent, arming yourself with the right information can help you respond helpfully to your client’s hesitations and close more deals. So, is it possible to get a lower interest rate […]
Finding Motivated Sellers of Off-Market Properties
Finding Motivated Sellers of Off-Market Properties Learning how to find motivated sellers is a critical skill for real estate agents and investors alike. Of course, your goal is to find these sellers before they list their property. It might sound tricky, but with this advice, you’ll be able to locate them first and easily make contact. What […]
How Rising Layoffs Will Impact the Real Estate Market
How Rising Layoffs Actually Impact the Real Estate Market During the pandemic, central banks dropped interest rates to bolster slow markets and keep the economy moving. What happened next was completely unplanned. Consumer confidence skyrocketed, causing a housing market boom that more than offset whatever uncertainty the pandemic had caused. In the years following the […]
How to Find Distressed Properties
How to Find Distressed Properties in Your Market Right Now Real estate investors often search for fancy new residential or commercial units in new communities that can make a quick buck. These properties can sometimes generate lucrative real estate income and quickly skyrocket in value when more people want to move to that area. However, […]
Real Estate Markets to Keep Your Eye on in 2023
These Are the 3 Real Estate Markets to Watch in 2023 — And What Brought Us Here Over the past couple of years, mortgage rates have soared, putting welcome pressure on a housing market sizzling out of control. Recently, this inferno has begun cooling. It’s led some analysts to wonder: Will the housing market continue […]
Housing Market Recession vs. Depression
. Recession vs. Depression As interest rates continue to climb, so does the cost of living. In the housing market, everyone’s eyes are watching the mortgage rate as it reaches double and triple its pandemic lows. It’s normal for prices to fluctuate throughout the year, but understanding the interplay of the housing market with the […]
Will Mortgage Rates Drop in 2023?
Market Prediction: Will Mortgage Rates Drop in 2023? During the pandemic, the average rate for a 30-year mortgage was 2.68%. Today, it’s sitting at around 6.3%. These rising interest rates and sky-high housing prices have left many investors and potential buyers worrying about affordability. The critical question is: will mortgage rates drop in 2023? Unfortunately, […]
What Do Higher Interest Rates Mean for Your Real Estate Business?
What Do Higher Interest Rates Mean for Your Real Estate Business? Experts predict that the Federal Research will hike interest rates to at least 4% by the end of 2022 and stay at that level throughout 2023. The catalyst behind the current rate changes is inflation, which happens when the cost of prices and services increases. High-interest […]