The REALTOR® Edit | December 29, 2022

Earlier this month, mortgage rates fell for the fourth consecutive week to 6.33% – while there is still a way to go as the average mortgage rate was 3.1% a year ago, this decline may be enough to see an increase in housing activity.   “The Mortgage Bankers Association (MBA) expects the recent downward trend in mortgage…

The REALTOR® Edit | December 15, 2022

Earlier this month mortgage rates fell for the fourth consecutive week to 6.33% from 6.49% – dropping more than three-quarters of a point since hitting a 20-year high in November. One year ago, the average mortgage rate was 3.1%.   With mortgage rates continuing to drop, data has shown that the market has begun to…

The REALTOR® Edit | December 1, 2022

One month ago, demand was weakening as mortgage rates surged higher than 7% but just last week, we started to see those numbers dip – at the fastest rate in 40 years – down to 6.58%, the second week in a row with notable rate drops.   “In recent weeks, rates have hit above 7% only to…

The REALTOR® Edit | November 17, 2022

Rising inventory has been a continued trend but over the past two weeks, we’ve started to see a shift in those numbers. This time of year, inventory typically declines but in early September when mortgage rates rose over 6%, inventory started climbing. This decrease is a sign of relief, but will it continue to decline or…

The REALTOR® Edit | November, 3 2022

Inventory continues to rise, which is an unusual trend for this time of the year. The number of available homes hit a record high, up 137% with 572,000 single-family homes on the market as of Oct. 21, compared to March of this year when inventory bottomed out.   “Usually by this time of the year, we…

The REALTOR® Edit | October 20, 2022

Housing inventory has continued to rise and is now at its highest point of the year – although, this week, inventory remained unchanged from the week prior. “In this week’s data, I had expected some inventory growth across the country because buyers have stopped cold with the spiking mortgage rates. But instead, what we’re seeing is…

The REALTOR® Edit | October 6, 2022

One of the biggest questions in the real estate industry today is whether we’re in or heading towards a housing recession. The topic is thrown around but who and how do we define that? Inman and Matthew Gardner, Windermere Real Estate’s chief economist share what a recession is, and whether the phrase “housing recession” is appropriate…

The REALTOR® Edit | September, 22 2022

As the Fed continues to battle inflation, interest rates were raised by another 0.75% yesterday, September 21. “We will keep at it until the job is done,” Fed chairman Jerome Powell said. “The longer inflation remains well above target, the greater the risk that the public begins to see higher inflation as the norm, and…