Real Estate Market Minute

Mortgage Rates Are Rising Again But Will it Continue?

The 30-year fixed mortgage rate has crept back up to 7% over the past month. However, should this continue going higher into the next several months? I tackle that and explain more about where I think rates are going based on several factors and data points I uncover on today’s show.

Why Are Homes Not Selling Lately?

If you’re a Realtor are you seeing stale listings? Are you a seller or homebuilder noticing that your home or property is simply not selling and just sitting on the market for a very long time? There are several reasons for this and I will break down all of them in this episode.

Are Natural Disasters Impacting The U.S. Real Estate Market?

Hurricane’s Helene and Milton have ravished parts of the west coast, central Florida, and North Carolina. Other natural disasters like wildfires in California have also created havoc. Has this had an actual influence on the real estate market in these areas of the country? I dive into some thoughts and ideas when it comes to this and give you my personal point of view on the matter.

Which U.S. Metros Have Seen the Largest Decline in Monthly Mortgage Payments?

Several U.S. metros have seen significant declines from the spring with respect to how much it costs per month in housing payments. I go over which ones and what it will most likely mean for these local real estate markets going forward.

The FED Has Begun Their Rate Cutting Cycle

The Federal Reserve announced a 50 basis point rate cut decision on Wednesday, September 18th. How significant is this to mortgage rates and the housing market overall? I dive into the decision, what it means for rates and the real estate market going forward.

Asking Rent Prices Are Falling Dramatically in Some Cities

Rent prices are falling significantly year over year in some major U.S. cities. I go over which cities are getting hit the hardest and the 2 primary reasons why this is happening. Will it continue?

Are We Simply in a Balanced Real Estate Market?

With all the headlines it’s hard to understand what is really happening in the U.S. housing market. But what if we are just in a normal, balanced real estate market that sees no advantage to buyer or seller? I dive into this question, discuss what a balanced market means, and what I see going forward based on the latest data from the National Association of Realtors (NAR).

A New Trend Indicates Older Adults Are Sharing Housing More Than Ever

Retirement aged adults and even younger adults are sharing housing arrangements more than ever before due to rising mortgage, taxes, and insurance costs. What could this new trend known as “Boommates” mean for the housing market going forward and much more on today’s show.

Mortgage Payments Are Decreasing for the First Time Since 2020

According to Redfin the median monthly mortgage payment decreased year over year for the first time since 2020. This should have major implications on the housing market. I will discuss this and where mortgage rates are headed next.

Why is Buyer Demand Still So Low Even With Lower Rates?

Buyer demand continues to wane even though rates are lower and new listings and new construction homes are increasing. What is the problem and when will buyers start to come back?