Category: Home Market

Expert Home Price Forecasts Revised Up for 2023

Basically, deceleration of appreciation is not the same thing as home prices depreciating.

Homeowners Have a Lot of Equity Right Now

Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.

Home Prices Are Back on the Rise

If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news.

Low Housing Inventory Is a Sweet Spot for Sellers

Low inventory is why homes that are priced right are still selling quickly and seeing multiple offers.

Housing Market Forecast for the Rest of 2023

Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.

Where mortgage rates go for the rest of the year will depend on inflation.

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market

Expect unsettling housing market headlines this year, mostly due to unfair comparisons with the ‘unicorn’ years.

Why the Median Home Price Is Meaningless in Today’s Market

Just because the median price changes, it doesn’t mean home prices are falling.

Oops! Home Prices Didn’t Crash After All

Home prices didn’t come crashing down as projected.

Why Today’s Housing Market Is Not About To Crash

The most current data clearly shows that today’s market is nothing like it was last time.

Buyer Activity Is Up Despite Higher Mortgage Rates

Rising foot traffic is a bright spot for this year’s housing market and indicates that buyers are looking to purchase this year, even with higher mortgage rates.