Real Estate Market Minute

Today’s Non Farm Payroll Report Will Impact Interest Rates Going Forward

This morning the government released the April Jobs Non Farm Payroll report and it was well below expectations. Unemployment rate also ticked up to 3.9%. Was does this all mean for interest rates and ultimately the 30 year-fixed mortgage rate going forward, and how significant could this new development be to the housing market?

The Latest on the FED’s Interest Rate Decision

Yesterday the Federal Reserve decided to leave rates unchanged. But that was not all they said. In fact, I think one of the most important and overlooked things from their statement will have a direct impact on interest rates this month and, therefore, directly impact both the bond market and the 30 year-fixed mortgage rate going forward.

Pending Home Sales Rose Significantly in March

Pending home sales which represent homes that go under contract rose 3.4% in March. While the rise is encouraging we are still at multi-year lows overall. What will it take to increase the volume of home sales and what will be the end result to the housing market if all of these things that I think is inevitable come together?

A Case Study on the Rise and Fall of Austin, Texas Home Values

I take a deep dive into what happened to the Austin, Texas real estate market. Home values skyrocketed for years and have since in recent months cooled and in fact dropped significantly. What caused the boom in home values? Why have values fallen? What is happening now and has it finally normalized? What can we take from this case study and how can we extrapolate it out to some of the other hottest metros that experienced same such as Miami, Tampa, Phoenix, and Dallas?

Updated 2024 U.S. Housing Forecasts

Experts weigh in on the latest housing market forecasts. I go through it all and determine what it means going forward and why it makes quite a bit of sense going forward for the housing market’s next move.

What Should You Really Know About Where Home Values are Headed

According to recent data from Fannie Mae, almost 25% of people believe home values are going down. Why are so many people negative and bearish about the real estate market? I dive deep into why I think people think like this and is there any merit to their beliefs? The data never lies.

Rents are Stablizing But Are They Affordable?

Rent prices nationwide are finally finding their footing. The stabilized rental market showed a small increase year over year much more in line with the norm. But is it really still affordable? Today’s show looks at a major study of 100 metropolitan locations in the U.S. to determine where rents are and just what might happen from here on out.

March Existing Home Sales Show a Slowdown

March existing home sales drop although the median price of a home actually rose nationally. I go over the numbers and explain why I think existing homes are selling at a slower pace than a month ago and even a year ago.

The FED Just Told You Higher Rates for Longer

The Federal Reserver Chairman Jerome Powell confirmed what I’ve been speculating over the last few weeks; that interest rates will mostly likely remain higher for a long time. I go over what I think this higher rate environment will mean for the future of the housing market and what impact it may have to inventory and new construction as well.

The 14 Most Affordable U.S. States to Buy a Home

There are only 14 U.S. states where you can buy a home if you earn less than $75,000 in income per year. I reveal the list and explain why this statistic is so significant in a few different ways.