Archives for May 2023

A potential U.S. debt default would have a devastating impact on the housing market. Mortgage rates could skyrocket, making it extremely difficult for many potential buyers to afford homes. The affordability challenges already faced by homebuyers would worsen significantly. The U.S. has never experienced a debt default in its history. While we do not expect a default to happen, and predict an Continue Reading

Statewide, there's been a raise in median price of nearly 8%. There is heavy, pent up demand for single family homes under $1M statewide. Buyers are ready for the summer season and are anticipating inventory. Rentals are becoming fewer and farther between for long term residents. Buying a home has become a more affordable option for those that qualify for a mortgage loan. Mortgage rates are Continue Reading