Market Updates

Oct. 4, 2024

The Top 3 Reasons Affordability Is Improving



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Some Highlights

  • Affordability is based on three key factors: mortgage rates, home prices, and wages.
  • And today, it’s improving quickly as rates come down, prices level off, and wages climb.
  • If you put your search on pause because it was too expensive to buy, let’s talk about why ...
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Oct. 3, 2024

Home Values Rise Even as Median Prices Fall




Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that means prices are coming down. But here’s the catch: those numbers don’t tell the full story ...

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Oct. 1, 2024

This Is the Sweet Spot Homebuyers Have Been Waiting For




After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.

So, if you’ve put ...

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Sept. 30, 2024

Buying Beats Renting in 22 Major U.S. Cities




That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):

No Caption ReceivedAs mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has ...

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Sept. 27, 2024

Buy Now, or Wait?




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Some Highlights

  • If you’re wondering if you should buy now or wait, here’s what you need to know.
  • If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead ...
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Sept. 26, 2024

Don’t Fall for These Real Estate Agent Myths




When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent. That choice will have an impact on your entire experience and how smoothly it goes.

As you figure out who you’ll partner with, it’s important ...

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Sept. 25, 2024

Why Buying Now May Be Worth It in the Long Run




Should you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want to consider as you make your decision.

As soon as ...

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Sept. 20, 2024

Lower Mortgage Rates Boost Your Buying Power




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Some Highlights

  • Mortgage rates are trending down and that’s great news for your bottom line.
  • As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power.
  • If you put your search on hold ...
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Sept. 19, 2024

Falling Mortgage Rates Are Bringing Buyers Back




If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.

After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number ...

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Sept. 18, 2024

The Latest Builder Trend: Smaller, Less Expensive Homes




Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you're worried about  ...

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