Market Update | August of 2018
– The 30-year fixed mortgage rate has averaged 4.46% throughout the year, up from 3.99% in 2017 motivating many buyers to buy now before rates climb higher – Nationally, median household income has risen 2.6% in the last 12 months, while home prices are up 6.0% creating affordability concerns in several markets* – Wealthy out-of-state […]
Market Update | July of 2018
Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift. It is too early to predict a change from higher prices and lower inventory, but the common markers that caused the last housing cooldown are present. Wages are up but not at the same pace […]