Existing Home Sales Drop Slightly, but Still Very Strong
30 Second Market Update
April 25, 2022
The National Association of Realtors (NAR) released their Existing Home Sales report last week and it showed that closings on existing homes were down 2.7% in the month of March. […]
What’s Up With The Home Prices?
30 Second Market Update
April 18, 2022
Last week, in our 30-second update we discussed the facts about a housing bubble. This week, we’ll take a look at CoreLogic’s Home Price Index report which points to even […]
Housing Bubble?
30 Second Market Update
April 11, 2022
What is going on in the housing market? Are rising mortgage rates causing home prices to decline? The media has been suggesting a bubble and a decline in home pricing. […]
Resilient Housing Market
30 Second Market Update
April 04, 2022
The National Association of Realtors released its Pending Home Sales report and it showed signed contracts in the month of February 2022 were down across all regions of the U.S. […]
Fed Raises Rates for First Time in Four Years, More Hikes to Come!
30 Second Market Update
March 21, 2022
Last Wednesday, the Federal Open Market Committee (FOMC), raised the federal funds rate by 25 basis points, signaling the first time the FOMC has changed the rate in two years, […]
All eyes on the Fed
30 Second Market Update
March 14, 2022
This week the Federal Reserve, led by Fed Chair Jerome Powell, will meet for their two-day meeting starting on Tuesday. All eyes will be on them to see if they […]
Mortgage Rates Drop from Two-Year Highs!
30 Second Market Update
March 07, 2022
Mortgage rates recently skyrocketed to their two-year highs, causing mortgage demand to decrease significantly for homeowners looking to refinance, as well as playing a role with potential homebuyers looking to […]
Tight Housing Inventory and Record High Appreciation
30 Second Market Update
February 28, 2022
Last week the National Association of Realtors released their Existing Home Sales report, which measures closings on existing homes, for the month of January. It showed that sales were up […]
Homebuyers Are Taking Out Record High Mortgage Amounts as Home Prices Continue to Rise!
30 Second Market Update
February 21, 2022
We are currently experiencing one of the priciest housing markets in history, resulting in homebuyers taking out higher and higher loan amounts on their home mortgage. Currently, the average loan […]
Another Inflation Record and the Fed’s Love Runs out
30 Second Market Update
February 14, 2022
The U.S. Bureau of Labor Statistics released their Consumer Price Index (CPI), which measures inflation on the consumer level, and it rose by 0.6% in the month of January. The […]
Borrowers Recognize that Rates are Rising and the Refinance Window is Closing
30 Second Market Update
February 07, 2022
Rates are clearly on the rise, and the remaining borrowers that are eligible to refinance their home are quickly realizing that this may be their last opportunity. Despite rising rates, […]
Tight Inventory and Strong Homebuyer Demand
30 Second Market Update
January 31, 2022
The latest Existing Home Sales report, released by the National Association of Realtors, showed that existing home sales for the month of December declined by 4.6%, at an annualized pace […]
