Buyers’ Market in 2022: A Changing of the Tide? Plymouth title guaranty corporation

Buyers’ Market in 2022: A Changing of the Tide?

As inflation soars and loan applications plummet, real estate analysts are starting to see evidence of a buyers’ market in 2022. For the past several years, many real estate analysts considered the housing market to be a ‘seller’s market’. In the real estate world, home prices rose, interest rates fell, and demand reached one of […]

Total Mortgage Originations Plummeting as Rates Soar This Year

Total Mortgage Originations Plummeting as Rates Soar This Year

Throughout 2021, the United States real estate market experienced a massive resurgence, however, total mortgage originations are now plummeting this year. Mortgage Bankers Association Forecasts Plummeting Mortgage Originations With the release of last month’s existing home sales report, sales declined. Analysts point to rising mortgage rates as one of the primary causes, taking a large […]

Housing Inventory Fell to New Record-Low Level in March 2022 Plymouth Title Guaranty Corporation

Housing Inventory Fell to New Record-Low Level in March 2022

With the release of last month’s real estate market report, housing inventory fell to a new record-low level. Meanwhile, both existing and new home sales disappointed as prices jumped higher. As the United States first experienced the coronavirus pandemic in 2020, the housing market suffered. One year later, the United States surged through an unprecedented […]

chicago home prices appreciate despite housing inventory plymouth title guaranty corporation featured

Chicago Home Prices Appreciate Despite Limited Housing Inventory

With the United States continuing to witness record-setting inflation levels, Chicago home prices see massive appreciation. Of course, this market correction comes after a two-year period of record-low mortgage rates and a lackluster 2020 real estate year. Hot off the trail of 2021’s real estate market rebound, Chicagoland real estate affordability grows farther out of […]

Existing Home Sales Achieved Their Best Year Since 2006 plymouth title guaranty corporation

Existing Home Sales Achieved Their Best Year Since 2006

After a strong performance towards the end of 2021, existing home sales experienced an unanticipated decline in December. Thus, home sales fell 5% from November to December 2021. However, the United States real estate market realized a massive 8.5% improvement over 2020. In doing so, existing home sales achieved their best year since 2006. Drop […]

Mortgage Rates Turn Volatile in 2022 Housing Market

Mortgage Rates Turn Volatile in 2022 Housing Market

After years of record-low figures, mortgage rates turn volatile as we progress into 2022. With the onset of the novel coronavirus pandemic, mortgage rates plummeted alongside the global economic uncertainty. However, last year, the United States generated a much faster than anticipated economic rebound. In fact, 2021 home sales achieved their best year on record […]