They say you can’t time the housing market, but as we are acutely aware, some times are better for buyers than others. Like now, as the market has softened, primarily because high interest rates put a monthly mortgage rate out of reach for many.
Redfin says 44% of sellers are …
View MoreFive years after a historic boom in home purchases driven by the COVID-19 pandemic, a new wave of home sales is emerging – this time from millennials who say they regret the decision to buy.
Triggered by changing life circumstances, economic pressures and a mismatch between expectations and reality, many of these homeowners are reversing …
View More
The median monthly housing payment remains near record highs, but slowing price growth, declining mortgage rates and a pileup of supply is giving homebuyers in certain parts of the country room to negotiate.
The median U.S. home-sale price rose 3.7% year over year during the four weeks ending …
View MoreHomebuyers are reviving a forgotten strategy to secure much lower rates
With mortgage rates holding steady around 6%, prospective homebuyers are turning to an often-overlooked financing option: assumable mortgages.
Google searches for "assumable mortgage" spiked earlier this year as buyers looked for alternatives that could allow them to take over …
We expect the median U.S. home-sale price to rise steadily throughout 2025, ending the year 4% higher than it was in 2024. Prices will rise at a pace similar to that of the second half of 2024 because we don’t …
View More
Mortgage rates moved up again, but for the San Diego real estate market as a whole, “the worst may be behind us.” Plus, improving builder optimism could mean more future supply.
Key points:
If you’re wondering what’s going on with San Diego home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move.
As a buyer, you might be worried about paying more than you should. And if you’re …
View MoreYou won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie …
Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks …
View MoreCurious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood …
View More