Housing Market Updates

Where Are Mortgage Rates Headed?

Where Are Mortgage Rates Headed? | Simplifying The MarketThere’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always […]

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Using Your Tax Refund To Achieve Your Homeownership Goals This Year

Using Your Tax Refund To Achieve Your Homeownership Goals This Year | Simplifying The MarketIf you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it. Either […]

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The Future of Home Price Appreciation and What It Means for You

The Future of Home Price Appreciation and What It Means for You | Simplifying The MarketMany consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at […]

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What’s Happening with Mortgage Rates, and Where Will They Go from Here?

What’s Happening with Mortgage Rates, and Where Will They Go from Here? | Simplifying The MarketBased on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was […]

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The Best Week To List Your House Is Just Around the Corner

The Best Week To List Your House Is Just Around the Corner | Simplifying The MarketAre you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years (excluding 2020, […]

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A Key To Building Wealth Is Homeownership

A Key To Building Wealth Is Homeownership | Simplifying The MarketThe link between financial security and homeownership is especially important today as inflation rises.  But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can serve […]

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What You Can Expect from the Spring Housing Market

What You Can Expect from the Spring Housing Market | Simplifying The MarketAs the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — […]

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What You Need To Know if You’re Thinking About Building a Home

What You Need To Know if You’re Thinking About Building a Home | Simplifying The MarketIf you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either avenue. While home builders are doing everything they can […]

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The Average Homeowner Gained More Than $55K in Equity over the Past Year

The Average Homeowner Gained More Than $55K in Equity over the Past Year | Simplifying The MarketIf you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain […]

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