Housing Market Updates
Home Equity: A Source of Strength for Homeowners Today
Are you wondering why the housing market is still considered a seller’s market? Even with all the price changes in the news? Or where are all the foreclosures you keep hearing about? My simple answer is massive equity. But let me explain. Experts agree there’s no chance of a large-scale foreclosure crisis like we saw…
Read MoreNovember Housing Market Update 2022
As the 2022 housing market year reaches the end you likely have multiple questions on your mind. Should you buy or sell now or should you wait until next year? Will interest rates continue to rise or will they remain steady. And finally, will foreclosures become an issue any time soon? In this addition of…
Read More3 Trends That Are Good News for Today’s Homebuyers
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends…
Read MoreThe Long-Term Benefit of Homeownership
Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Consider this: if you know people who bought a home…
Read MoreOctober Housing Market Update 2022 | What You Need To Know
Mortgage Rates Continue To Rise As you can see above interest rates, have been on the rise since the beginning of the year, doubling where they started in January 2022. And most recently rates have increased every week for the past six weeks. Rates are now just over 7% at the time of this post.…
Read MoreBuyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market
If you’re considering buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over the asking price to consider your offer may be coming to a close.…
Read MoreHousing Affordability Is At An All-Time Low | What You Need To Know
Housing affordability is at an all-time low now since 1990 according to the national association of realtors study. This is incredibly troubling news for homebuyers currently shopping for a home since just as recently as the beginning of 2022 relatively cheap mortgage rates were still attainable. However, after multiple interest rate hikes by the central…
Read MoreAugust 2022 San Antonio Housing Market Update
Does A Recession Mean Falling Home Prices Many of us want to predict the future in real estate as much as possible when the need to move arises. Unfortunately, that is a task not even the most skilled can pull off. There are simply too many variables to account for, and when you add in…
Read MoreJuly 2022 Housing Market Update | Recession And Interest Rate Fears
Welcome to the July 2022 edition of the monthly housing market report. In this edition, we will first cover the fears of mortgage rate hikes and the looming fears of a recession. We will then wrap it up with some national data concerning housing inventory, appreciation rates, and some local San Antonio housing outlooks as…
Read MoreSan Antonio Housing Market Update May 2022
In this month’s edition of the San Antonio Housing Market Update, we will take a look at, some leading headlines shaking up the housing market, mortgage rates, and new projections for home price appreciation. First up let’s dive into a few headlines grabbing the attention of today’s home buyers and sellers. May Housing Market Report…
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