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Category: Real Estate Market News

    What’s Next for Home Prices and Mortgage Rates?

    By Spectrum Real Estate Consultants | May 24, 2024

    What’s Next for Home Prices and Mortgage Rates? If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really... Read More

    The Number of Homes for Sale Is Increasing

    By Spectrum Real Estate Consultants | May 23, 2024

    The Number of Homes for Sale Is Increasing There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up. There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to... Read More

    Home Prices Are Climbing in These Top Cities

    By Spectrum Real Estate Consultants | May 17, 2024

    Home Prices Are Climbing in These Top Cities Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what’s going on with home prices these days. Here’s the scoop. The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below): As you can see, home... Read More

    How Buying or Selling a Home Benefits Your Community

    By Spectrum Real Estate Consultants | May 15, 2024

    How Buying or Selling a Home Benefits Your Community If you’re thinking of buying or selling a house, it’s important to know it doesn’t just impact you—it helps out the local economy and your community, too. Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes (see visual below): When a... Read More

    What Is Going on with Mortgage Rates?

    By Spectrum Real Estate Consultants | May 9, 2024

    What Is Going on with Mortgage Rates? You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead. Economic Factors That... Read More

    Foreclosure Numbers Are Nothing Like the 2008 Crash

    By Spectrum Real Estate Consultants | May 2, 2024

    Foreclosure Numbers Are Nothing Like the 2008 Crash If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008.... Read More

    The Best Way To Keep Track of Mortgage Rate Trends

    By Spectrum Real Estate Consultants | May 1, 2024

    The Best Way To Keep Track of Mortgage Rate Trends If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move. The problem is, with... Read More

    What You Really Need To Know About Home Prices

    By Spectrum Real Estate Consultants | April 25, 2024

    What You Really Need To Know About Home Prices According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know. A lot of that fear is probably coming from what you’re hearing in... Read More

    Builders Are Building Smaller Homes

    By Spectrum Real Estate Consultants | April 18, 2024

    Builders Are Building Smaller Homes There’s no arguing it, affordability is still tight. And if you’re trying to buy a home, that may mean you need to look at smaller houses to find one that’s still in your budget. But there is a silver lining: builders are focused on building these smaller homes right now and they’re offering... Read More

    Should I Move with Today’s Mortgage Rates?

    By Spectrum Real Estate Consultants | April 17, 2024

    Should I Move with Today’s Mortgage Rates? When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you? In today’s... Read More