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New Report Shows Good Signs for Homebuyers

October 17, 2022 by cara Leave a Comment

According to the latest RE/MAX National Housing Report, home sellers accepted offers below their listing prices on average based on data from August. This is further indication of the housing market rebalancing which is a source of relief for prospective homebuyers who have faced an incredibly competitive market. Out of the report’s 51 metro areas,… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: charlotte real estate, Charlotte Real Estate Market, market conditions, Market Trends

Sharp Home Price Decline Possible Says Fed

October 8, 2022 by cara Leave a Comment

At a Federal Open Market Committee press conference in September, Federal Reserve chair Jerome Powell was asked to clarify what he meant when he said the U.S. housing market would “reset.” He answered: “We’ve entered into a ‘difficult correction’ that will see the U.S. housing market transition to a more “balanced” market for buyers and… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: housing market, market conditions, Market Trends, real estate market

Mortgage Rates See Largest Drop Since 2008

July 10, 2022 by cara Leave a Comment

For the week ending July 7, the 30-year fixed-rate mortgage averaged 5.3% according to data released by Freddie Mac. That is down from 5.7% the week before. Even with the 40 basis points drop, it’s still significantly higher than the 2.9% rate from this time last year. At the start of the new year, rates… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: housing market, market conditions, Market Report, Market Trends, real estate market

U.S. Home Prices Above $400,000 for First Time

July 9, 2022 by cara Leave a Comment

Existing home sales in the U.S. dropped to a two-year low in May as prices climbed to a record high – topping $400,000 mark for the first time – and mortgage rates further increased. Entry-level home buyers are continuing to get pushed out from the market.  Even with a monthly drop in sales four months… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: housing market, market conditions, Market Trends, real estate market

Record bidding wars show no signs of slowing

March 9, 2022 by cara Leave a Comment

January 2022 was the most competitive month ever for house hunters due to new families, remote workers, and rising mortgage rates according to Bloomberg. “It’s been incredibly frustrating,” said Erin Damato, in an interview with Bloomberg. “House prices have gone up about $100,000 since we’ve been looking.” Damato and her husband have been seriously hunting… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: buying, Charlotte Real Estate Market, housing market, market conditions, Market Trends, real estate, real estate market, selling

New Survey Suggests Real Estate Craze Was Not as Intense as Indicated

December 12, 2021 by cara Leave a Comment

Anecdotal evidence that the late-2020-into-early-2021 real estate market was hot but new data from Zillow’s Consumer Housing Trends Report debunks a common misconception that all buyers experienced a grim reality when it came to home buying. The record-setting housing market that begin several months after the onset of the covid-19 pandemic brought reports of frustrated… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: buying, market conditions, Market Report, Market Trends, real estate market, selling

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