Buyer Demand Increases as Rates Continue to Rise
30 Second Market Update
January 24, 2022
According to the Mortgage Banker’s Association (MBA) seasonally adjusted index, applications to purchase a home rose 2% last week as compared to the previous week. Analysts are linking this increase […]
Inflation Continues To Break Records
30 Second Market Update
January 17, 2022
The Producer Price Index (PPI) which is a gauge of inflation on the wholesale level, rose 0.2% in December. Year over year, the PPI index increased from 9.6% to 9.7% […]
Early Indications Support Home Prices Decelerating in 2022!
30 Second Market Update
January 10, 2022
2021 represented the fastest period of home price growth in history. According to the S&P CoreLogic Case-Shiller index, which is the leading measure for real estate prices, U.S. home prices […]
Experts Weigh In On Expectations For The 2022 Housing Market
30 Second Market Update
January 03, 2022
As we enter the first few days of the 2022 housing market, experts continue to weigh in on their expectations for the upcoming year, focusing on the three main driving […]
Existing Homes Continue to Draw in Demand
30 Second Market Update
December 27, 2021
The National Association of Realtors (NAR) released their Existing Home Sales report last week and it showed that existing home sales rose 0.8% for the month of October. This marks […]
Despite Rates Continuing to Rise, Housing Demand Remains High!
30 Second Market Update
December 20, 2021
Rates have continued to rise towards the end of 2021, and many market analysts believe that the Federal Reserve will ease back from their bond buying program and install their […]
The Hottest Inflation Number in Almost Forty Years
30 Second Market Update
December 13, 2021
Let’s talk about how this can affect you. The November read of the Consumer Price Index (CPI) was released on Friday at 6.8%. This number was up slightly higher than […]
Official: Fannie Mae and Freddie Mac Raise 2022 Loan Limits Higher than Expected!
30 Second Market Update
December 06, 2021
The Federal Housing Finance Agency (FHFA) has officially announced their 2022 conforming loan limits for Fannie Mae and Freddie Mac. The widely anticipated increase came in higher than previously expected, […]
Powell To Remain His Chair
30 Second Market Update
November 29, 2021
Just last week President Biden renominated current Federal Reserve Chair, Jerome Powell for another four-year term to head the Fed. Lael Brainard, Federal Reserve board member and Governor, who took […]
Home Prices Expected to Increase Even Higher in 2022!
30 Second Market Update
November 22, 2021
As recently as September, Zillow analysts released their projections for the housing market over the next 12 months. They predicted an 11.7% increase over that time, piggybacking the home price […]
Inflation Still Moving Up
30 Second Market Update
November 15, 2021
The Consumer Price Index which measures consumer-based inflation was released last week and it rose by 0.9% for the month of October. This came in a lot higher than expectations […]
Federal Reserve Leaves Benchmark Rate Unchanged, Rates Expected to Rise!
30 Second Market Update
November 08, 2021
Although the Federal Reserve did not raise their benchmark rate last Wednesday, rates are expected to rise in the near future. The federal funds rate, which is determined by the […]
