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Delaying your home purchase in anticipation of price drops might negatively impact your opportunities. Regardless of the metric used to gauge house prices, expectations indicate an increase this year. Better call Tom to chat about your home needs.

January was the third month of the consumer price index (CPI) rising every month since November 2023. We are experiencing a rare, sustained bout of accelerating rises in the cost of living. Consumers are spending more on necessities like food and shelter and less on big-ticket purchases typically financed. The 2023 CPI came in at about 3.3%. […]

Will interest rates stabilize or decrease? Will house prices increase or decrease? Should you buy or sell now or wait? To begin, let’s delve into some background information. In 2023, the US economy experienced growth, primarily driven by a reliance on consumer credit card debt and heightened government spending. The national debt has surpassed $34 […]

Considering the perspective on mortgage rates, it’s illuminating to reflect on the historical context. In 1971, mortgage rates stood at 7.33%. If one had chosen to postpone their home purchase until rates decreased, they would have endured a lengthy wait until 1993. During this prolonged renting period of 22 years, the real estate landscape evolved […]

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Yes, the mortgage rates are higher than the abnormally low 3% we all became accustomed to, but mortgage rates are historically around 5.5%-6%; so you might say mortgage rates […]

Will there be a housing recession? Will it be anything like the housing recession in 2008? How long will it last? How will that affect the value of my house? Does a loaming Recession equate to a housing crisis? Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it […]