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Altos President Mike Simonsen’s 2023 housing market outlook

Real Trends

When we started 2022, everything was crazy — bidding wars, immediate sales, overbidding on homes, mortgage rates under 3% — what a year it’s been. This article will focus on what we can see for 2023. We’re going to start with mortgages. Mortgage rates are key. on the 30-year mortgage rate.

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Portland Real Estate Market And Investment Overview 2020

Marco Santarelli

In the latest quarter, the real estate appreciation rate in Portland has been around 1.20%, which equates to an annual appreciation rate of 4.87%. The median sale price, meanwhile, climbed 7.2 Things improved further in May when pending sales and new listings surged in the Portland housing market. s $477,400.

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Shift Happens: How Top Agents Survive (and Thrive) in a Turning Real Estate Market

Boom Town

Let’s start by saying, the market isn’t falling apart. In August 2018, the YoY increase in median home price dropped below 6% for the first time of the year, and rate-of-increase decelerated for the 5th month in a row. That gain would bring the net housing equity (home value minus mortgage outstanding) to over $15 trillion.

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. We've been seeing real estate appreciation rates increasing year-over-year in the entire metro area. The demand for housing has completely outpaced the supply.

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Los Angeles Real Estate Market & Investment Overview 2020

Marco Santarelli

The inventory still remains tight, and with the surge in the Covid-19 cases, sellers may back out again to further decrease the listings. The inventory still remains tight, and with the surge in the Covid-19 cases, sellers may back out again to further decrease the listings. In June, we saw a rebound in home sales. from a year earlier.

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Chicago Real Estate Market 2020 Overview

Marco Santarelli

Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%. In 2018, the Chicago real estate appreciation rate was running at about half the national rate; at a 3 percent range when the nation was at 6 percent. We'll be discussing the latest Chicago real estate market trends. percent from July 2019 sales.

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