October 2023 marked a significant moment in the U.S. housing market: pending home sales plummeted to an all-time low, not seen since the National Association of Realtors began tracking in 2001. This 1.5% decline from September and an 8.5% year-over-year drop across all regions is more than just a statistic; it’s a stark reflection of […]
The U.S. Housing Market’s Unprecedented Slowdown Read More »
In the intricate realm of real estate, the topic of down payments is a crucial element in the homebuying process. The Realtor.com Economic Research report from October 2023 reveals a complex and evolving landscape. Despite a sluggish spring and summer, adhering to typical seasonal patterns, the market faced challenges with limited inventory and high mortgage
Rising Stakes: Navigating the Surge in Down Payments in 2023’s Housing Market Read More »
The housing market in the United States is currently facing one of its most challenging periods in recent history. October 2023 marked a startling milestone, with home sales plunging to a 13-year low. This dramatic downturn is the culmination of various economic pressures, most notably the escalating interest rates and a stifling shortage of available
Home Sales Plunge to Historic Lows Amid 2023 Market Turbulence Read More »
Mortgage rates have been on a downward trend in recent weeks, offering a glimmer of hope for prospective homebuyers. According to Mortgage News Daily, the average interest rate for a 30-year fixed mortgage stands at 5.99%, with the average rate for a 15-year fixed mortgage at 5.28%. These rates are notably lower than the highs
Unlocking Your Dream Home: Mortgage Rates Hit Two-Month Low Amid Economic Waves Read More »
Well, folks, it’s time to dive into the ever-fascinating world of real estate. In this article, we’re going to take a deep dive into the current state of the St. Louis housing market, and trust me, it’s not just numbers and stats—it’s a story waiting to be told. So grab your favorite beverage and settle
St. Louis Housing Market in 2023: A Close Look at the Numbers Read More »
Diving deep into the latest National Association of Realtors (NAR) report which reveals a shocking 13-year low in existing home sales this September. With mortgage rates on the rise, inventories drying up, and home prices still increasing, what does this mean for potential homebuyers and the real estate market at large? John Schink of Deerwood
Are We Hitting Rock Bottom? Home Sales Experience Worst Drop in Over a Decade? Read More »
https://youtu.be/Ao4o4xZnBK4 Diving deep into the latest National Association of Realtors (NAR) report which reveals a shocking 13-year low in existing home sales this September. With mortgage rates on the rise, inventories drying up, and home prices still increasing, what does this mean for potential homebuyers and the real estate market at large? John Schink of
Are We Hitting Rock Bottom? Home Sales Experience Worst Drop in Over a Decade? Read More »
In today’s episode, we dive deep into the state of the U.S. housing market, shedding light on the rising mortgage rates and their far-reaching implications. With many experts predicting rates to remain above 5% until 2025, buyers across the nation are feeling the pinch. A recent survey by U.S. News & World Report reveals a
Skyrocketing Mortgage Rates? The Unexpected Lending Path Homebuyers Are Trying to Take Read More »
In today’s episode, we dive deep into the state of the U.S. housing market, shedding light on the rising mortgage rates and their far-reaching implications. With many experts predicting rates to remain above 5% until 2025, buyers across the nation are feeling the pinch. A recent survey by U.S. News & World Report reveals a
Skyrocketing Mortgage Rates? The Unexpected Lending Path Homebuyers Are Trying to Take Read More »
Great show tonight! We started off with an update to my refrigerator saga…I don’t know that I’m any closer to buying than I was yesterday Does buying local matter? What if the seller tries to sell you something where other shops don’t seem to care whether or not you buy anything at all? We discuss.
It’s just a balloon? Rents are ridiculous? and an oddly worded RE article, Join Me! 254 Read More »
