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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. It may be another year or two before that happens,” Yun said.

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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “

Agents 366
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How Long Should a House Sit on the Market Before Selling?

HomeLight

We asked Clarissa Marshall , who’s in the top 1% of all agents in her area in Asheville, North Carolina, “How long should a house sit on the market?” We also did some digging to find out the average number of days houses are staying on the market, why, and what can be done to shorten that time. The DOM (days on market) factor.

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Mortgage Rates Just Hit a 4-Month Low, but Do Homebuyers Even Notice—or Care?

Realtor.com

Getty Images Mortgage rates are down again this week, which means things are looking up for homebuyers. The average rate for a 30-year fixed-rate mortgage ticked down 2 basis points to 6.13%, according to Freddie Mac , continuing a pattern of rates seesawing lower since topping 7% in the fall.

Mortgages 118
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What’s Happening to Your Home Equity in a Cooling Housing Market?

HomeLight

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. We asked two experts to help get to the bottom of what’s happening to home equity in the current housing market: Donald J.

Equity 83
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New Hampshire Housing Market Forecast 2022 & 2023

Marco Santarelli

The NH Housing Market Report by the New Hampshire Housing Finance Authority describes a market in “turmoil, buffeted by rising interest rates and economic uncertainty that presents extraordinary challenges for renters and homebuyers.” The New Hampshire housing market is still strong despite rising mortgage rates.

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. 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. The demand for housing has completely outpaced the supply.

Marketing 135