by Norman Neu | May 18, 2023 | Advice for Buyers & Sellers, Budget Statistics, Housing Market Updates, Interest Rates, Market updates
The current higher interest rate environment in the United States is having an impact on the housing market. Due to the Federal Reserve’s monetary policy changes implemented in March 2022 to curb inflation, interest rates have increased, which has led to higher...
by Norman Neu | Apr 11, 2023 | Advice for Buyers & Sellers, Budget Statistics, Home Buying, Market Trends
When considering a new home, it is vital to think of what kind of home you will look at. What you once thought you needed may not be the right home for you now. Here are seven different types of homes with their respective pros and cons of owning them: Single-family...
by Norman Neu | Nov 14, 2022 | Advice for Buyers & Sellers, Economic Factors, Home Value, Housing Market Updates, Market updates, Pricing, Real Estate Finances
There’s no easy answer when it comes to predicting whether or not home prices will drop in 2023. Various factors – from the state of the economy to interest rates – can impact the housing market and drive prices up or down. That said, there are a few things we can...
by Norman Neu | Feb 7, 2022 | Advice for Buyers & Sellers, Housing Market Updates, Interest Rates
The primary reason for the sellers’ market experienced in most United States of America is the lack of housing. This is because demand for housing exceeds the supply. However, the good news is coming from the U.S. Census Bureau for December of 2021. More housing...
by Norman Neu | Jan 14, 2022 | Advice for Buyers & Sellers, Housing Market Updates
Danielle Hale, Realtor.com chief economist: “Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs.” Bob Pinnegar, president and CEO of the National Apartment Association: “Demand for apartment and...
