The national unemployment rate registered in at 4.1 percent for October 2017. To put that in perspective, joblessness has not been this low in the U.S. since December 2000. In other positive economic news, mortgage rates have been holding steady at or near 3.9 percent. Continue Reading
Market Statistics: Week Ending September 30th, 2017
Few cities and neighborhoods – around the nation and locally – are turning heads as hotbeds of new housing inventory. Residential real estate markets that have had a hard time dealing with a reduction in the number of homes available for sale are now also struggling to keep Continue Reading
Market Statistics: Week Ending August 5th, 2017
As we reach into August, we'll begin to see the volume of activity wane in anticipation of the school year. Although not every buyer or seller has children, it's no secret that homeownership is a popular housing option for those with kids. In bulk, this has historically been Continue Reading
Market Statistics: Week Ending July 8th, 2017
From a heart-of-summer perspective, the residential real estate market has performed as expected when predictions were made at the front of the year. Buyer interest is high and inventory is not at a proper level to meet demand. Total sales and new listings are generally Continue Reading
Market Statistics: Week Ending June 10th, 2017
New buyers wanting to make their first home purchase are finding that they would have to spend more of their monthly incomes in order to do so. Higher prices during the busiest months of the selling season are giving some buyers pause, which is partly due to low inventory Continue Reading
Market Statistics: Week Ending May 6th, 2017
As we get closer to summer, more houses are put up for sale, as tends to happen around this time each year. Yet it's not as many homes for sale as 2016, and last year did not have as much available to buy as in 2015. The downward trend continues, which can have an effect on Continue Reading
Market Statistics: Week Ending April 8th, 2017
With both inventory and months of supply struggling to keep up with demand, it will not be unusual to see some weeks where pending sales post a year-over-year decline, especially if new listings drop below the standards set during the prior year. Meanwhile, we can continue Continue Reading
Market Statistics: Week Ending March 4th, 2017
Tight inventory, lower affordability and higher mortgage rates continue to dominate residential real estate news, but a declining unemployment rate offers a bright spot. Employment in the construction industry had some of the largest gains. It would be great to see this Continue Reading
Market Statistics: Week Ending February 11th, 2017
The total supply of homes for sale at this early juncture of 2017 coupled with the relative low affordability of those homes have made the market interesting to watch. The combination of broad personal financial situations is particularly pronounced among millennials Continue Reading
Market Statistics: Week Ending January 7th, 2017
If predictions hold true – a continuing inventory crunch, moderate price gains, higher mortgage rates – 2017 will likely be in favor of the seller. On the other end of the spectrum, deals may be harder to come by if the largest potential group of buyers, the millennials, do Continue Reading
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