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    Home Prices Still Growing – Just at a More Normal Pace

    By Jenn Schaake | November 23, 2023

    If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows. So, to... Read More

    The Latest 2024 Housing Market Forecast

    By Jenn Schaake | November 15, 2023

    The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler alert: the projections may... Read More

    Don’t Believe Everything You Read About Home Prices

    By Jenn Schaake | November 4, 2023

    According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has... Read More

    Are Higher Mortgage Rates Here To Stay?

    By Jenn Schaake | October 22, 2023

    Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below):   That can feel like a little bit of a gut punch if you’re thinking about making... Read More

    The Return of Normal Seasonality for Home Price Appreciation

    By Jenn Schaake | September 26, 2023

    If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend. In the housing market, there are... Read More

    Are More Homes Coming onto the Market?

    By Jenn Schaake | September 18, 2023

    An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right. But there are some early signs that more listings... Read More

    Today’s Housing Market Has Only Half the Usual Inventory

    By Jenn Schaake | August 27, 2023

    Some Highlights There are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you’re thinking of selling, let’s connect so your house can stand out while there’s such a... Read More

    By Jenn Schaake | August 11, 2023

    Some Highlights Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally. If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news. Let’s connect so you know what’s happening with prices in our area. Read More

    Housing Market Forecast for the Rest of 2023

    By Jenn Schaake | August 5, 2023

    Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool. Even though low inventory continues to be a challenge,... Read More

    Homebuyers Are Still More Active Than Usual

    By Jenn Schaake | July 27, 2023

    Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today. The ShowingTime Showing Index is a measure of how much buyers are touring homes. The graph below uses that index... Read More