Nancy Hofmann, REALTOR®

You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount.

Steady rates are contributing to strong buyer demand and consistent home sales.

If you delayed your moving plans because you were concerned about home prices dropping, the latest data reveals the worst is already over, and prices are appreciating nationally.

You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008.

This monthly report provides information on the sales volume and price trend for previously owned homes.

Even though there’s been a small dip in homeowner equity, total homeowner equity is still much higher than it was before the ‘unicorn’ years.

For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M).

When you look at the numbers today, the one thing that stands out is the strength of this housing market.

If you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions...

With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now.

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.

Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.

Comparing real estate metrics from one year to another can be challenging in a normal housing market.

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more.

The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. 

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity.

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed).

Given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up.

Even with higher mortgage rates, buyer traffic is actually picking up speed.

To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short.

Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.

You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.

And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers.

Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level.

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market.

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market.

As we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years.

The housing market has been going through shifts lately.

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently.

If you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability.

Rate-locked homeowners and the fear of not finding something to buy are keeping housing inventory low across the country. Let's explore these issues.

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring.

No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide.

67% of Americans say a housing market crash is imminent in the next three years.

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it.

The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission-critical if you want to know the truth about what’s happening today.

But according to experts, the key factors that determine housing affordability are projected to improve this year.

News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last year’s peak.

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

You may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today.

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more.

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position.

Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.

Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision.