Sergio Garcia & Sofia Garcia, Realtors with Samson Properties
💸 Wondering where home prices are headed? 💸 So far this year, the national median home price has been fairly stable—thanks, in part, to an increase in inventory of smaller, less expensive homes. Analysts expect this trend to continue for the rest of the year, with prices rising gradually throughout the summer and fall. Are …
Considering a reverse mortgage? This type of loan enables owners of a certain age to borrow against their home equity without repayment until they move out or pass away. But before you sign on the dotted line, here are some benefits and risks to consider: ➕ You can tap into your equity now, when you …
After years of record-low housing inventory, active listings are on the rise—which is great news if you’re hoping to buy a home. Here’s what you should know: 🏘️ Home inventory is now the highest it’s been since 2020. 🏘️ The share of smaller, more-affordable homes on the market is increasing. 🏘️ Even with a bump …
In May, the Federal Reserve stated it has no immediate plans to lower benchmark interest rates, which means mortgage rates are also likely to remain elevated. According to experts, a rate cut is now unlikely before September. Wondering how current rate trends could affect your plans to buy or sell a home? Check out our …
Continue reading "When will mortgage borrowers get some rate relief?"
Click here to access a printable pdf version of this post Presiona aqui para version en español. Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.1,2,3 Unfortunately, persistent inflation has …
Continue reading "Mid-Year Market Update for 2024: What Buyers and Sellers Need to Know"
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