This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for […]
If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may lament that […]
If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today […]
Some were booming before the Covid-19 pandemic hit. Others shot up in popularity arguably because of the pandemic. A few have been slow-but-steady-growth markets for some time. The national housing market slowdown has been one of the headlining stories of 2022, after a spike in mortgage rates in the spring turned the heat off what […]
Mariah Careys’ luxurious Sandy Springs mansion is still on the market. While grand and lavish, even the music icon’s 12,575 square foot mansion is not immune to the whims of this year’s crazy housing market. According to the listing with Ansley Real Estate Christie’s International, the price for the billboard topper’s Georgia estate recently dropped from $6,500,000 to […]
The first half of 2022 was a wild time for the Buckhead housing market. Number of units sold were up, average days on the market were down and home prices saw an average increase of $302,279 compared to 2019. For the third quarter of 2022, the top ten single-family home sales alone totaled more than $48 million. […]
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically […]
