Homeowners’ Equity Continues to Increase
30 Second Market Update
December 16, 2024
CoreLogic shared homeowners with mortgages, which make up 62% of all homes, gained $425 billion in equity over the past year, an increase of 2.5%. This brought total home equity [...]
The Fed’s Favorite Rate of Inflation and Its Impact on Mortgage Rates
30 Second Market Update
December 09, 2024
The Fed’s preferred inflation measure, PCE, showed headline inflation rose 0.2% in October, pushing the yearly rate from 2.1% to 2.3%, both as expected. Core inflation, which excludes food and [...]
Existing Home Sales Stronger Than Estimates
30 Second Market Update
December 02, 2024
Existing Home Sales rose 3.4% in October to a pace of 3.96 million units, beating expectations. This marks a 2.9% increase from last year, the first annual gain in three [...]
Homeownership is More Than Just Having a Place to Live
30 Second Market Update
November 25, 2024
Inflation has cooled recently but remains significant when viewed cumulatively, with the Consumer Price Index rising over 20% in the past four years. To safeguard against inflation, investing in assets [...]
NAR Chief Economist Lawrence Yun’s 2025 & 2026 Housing Forecasts
30 Second Market Update
November 18, 2024
NAR Chief Economist Lawrence Yun predicts a 9% rise in home sales in 2025 and 13% in 2026, with mortgage rates stabilizing around 6%. Speaking at the 2024 NAR NXT [...]
Home Price Update
30 Second Market Update
November 11, 2024
In September, home prices increased by 0.02% according to CoreLogic, slightly below the expected 0.1% rise. Year-over-year, prices are up 3.4%, a bit lower than last month’s 3.9%. CoreLogic predicts [...]
Lending Tree Survey Breakdown
30 Second Market Update
November 04, 2024
Lending Tree recently released a homeownership sentiment survey, and it showed that 83% of Americans say that they would rather own a home than rent one. 62% of those who [...]
Advisors Mortgage Group Celebrates 25 Years of Building Dreams and Strengthening Communities
General News, Press Release
October 30, 2024
OCEAN, N.J. – Oct. 30, 2024 — Advisors Mortgage, a leading mortgage provider, proudly celebrates its 25th anniversary, marking a quarter-century of helping families realize their dream of homeownership. Since [...]
Down Payment Assistance Programs Continue to Grow
30 Second Market Update
October 28, 2024
As the 2024 year comes to a close, states are expanding down payment assistance (DPA) programs for first-time homebuyers. A report from Down Payment Resource (DPR) shows a 1.2% increase [...]
Pending Home Sales Post Biggest Increase Since 2021
30 Second Market Update
October 14, 2024
U.S. pending home sales increased by 2% in the four weeks ending October 6, 2024, marking the biggest jump in three years. This uptick is driven by declining mortgage rates, [...]
Home Prices Still Fairly Strong
30 Second Market Update
October 07, 2024
CoreLogic, who provides data from multiple housing market segments, reported that home prices dropped by 0.1% in August, which was lower than their earlier prediction of a 0.2% increase. While [...]
The Fed Cut Rates, Now What?
30 Second Market Update
September 23, 2024
Last week the Federal Reserve released their new policy statement, and they mentioned that they cut the Federal Funds Rate by 50 basis points or 0.5%. What does this mean [...]
