As the graph shows, if you’re looking for a home with lived-in charm, supply is rising, and that’s great news for you. Danielle Hale, Chief Economist for realtor.com, gives insight into why more homeowners are listing their homes and adding to the growing supply of existing homes today: “Home sellers in many markets across the country continue to […]
What Does an Economic Slowdown Mean for the Housing Market?
As the chart shows, historically, each time the economy slowed down, mortgage rates decreased. Fortune.com helps explain the trend like this: “Over the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough. And in many cases, they continued to fall after the fact as it […]
Is the Housing Market Correcting?
The 2019 numbers give a good baseline of pre-pandemic demand (shown in gray). As the graph indicates, home showings skyrocketed during the pandemic (shown in blue). And while current buyer demand has begun to moderate slightly based on the latest data (shown in green), showings are still above 2019 levels. And since 2019 was such […]
Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand
While the principal and interest of a monthly mortgage payment remain the same over the lifetime of the loan, rents increase almost every year. 3. Owners build their wealth. Renters build their landlord’s wealth. Whether you’re a homeowner or an investor, real estate builds wealth through growing equity year-over-year. If you own, your household is gaining the […]