by The Peggy Patenaude Team | Feb 21, 2023 | Buyers & Sellers, Housing Market Updates, Interest Rates
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked...
by The Peggy Patenaude Team | Feb 6, 2023 | Interest Rates, Seller, Selling Myths
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have...
by The Peggy Patenaude Team | Dec 21, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more...
by The Peggy Patenaude Team | Dec 6, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price...
by The Peggy Patenaude Team | Nov 9, 2022 | Buyers & Sellers, First Time Home Buyers, Interest Rates
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so...
by The Peggy Patenaude Team | Oct 25, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates
Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be...