The December 2023 housing market offers a comprehensive snapshot of the current real estate landscape, revealing trends that are crucial for buyers and sellers alike to understand. With the fluctuation in sales, inventory levels, and prices, this period has become a focal point for those looking to navigate the market effectively. Plymouth Title Guaranty Corporation […]
Housing Market
August 2023 Housing Update: Home Sales Dip, Inventory Shortage Persists
In the dynamic landscape of the housing market, recent data unveils a mixed bag of news that underscores the ongoing challenges and opportunities within the industry. Existing home sales for the month of June saw a decline of 3% compared to May, marking a 19% drop from the previous year at the same time. This […]
May 2023 Housing Market: Rebounding Activity and Persistent Challenges
In May, the housing market witnessed a glimmer of hope as mortgage activity rebounded following a period of decline. The Mortgage Bankers Association (MBA) reported a 5% increase in purchase applications compared to the previous month, indicating increased demand for housing. Refinancing applications also experienced a notable uptick, rising by 10%. However, it is important […]
July 2022 Real Estate: Mortgage Applications Plummet with Affordability Challenges
Heading into the July 2022 real estate market, the United States continues to face timeless obstacles. As the latest inflation data shows year-over-year growth, the white-hot U.S. real estate market displays signs of stalling. Despite 2021 reflecting a surge in home sales activity, sales of existing homes just achieved their fifth month in a row […]
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 […]
Housing & Employment Pulled Off a Remarkable Rebound
Housing and employment pulled pulled off a remarkable rebound after a tumultuous 2020. Last year, both sectors saw numerous setbacks as homes sat idle on the market while businesses laid off hundreds of thousands of workers. Taking a look at July’s data, we see that 2021 is singing a different tune. Housing & Employment Pulled […]
June 2021 Market Updates
Many reports have revealed numbers below expectations as investors begin to look into what the rest of the year has in store as the economy continues to recover from the COVID pandemic. Employment Report Falls Short of Expectations The highly anticipated monthly employment report was an enormous miss. In April, the economy gained just 266,000 […]
March 2021 Market Updates
Market Update: Stimulus Aid, Increased Mortgage Rates, and Continued Growth in the Housing Markets With more information and reports released, we can learn more about how the economy is continuing to move during a hectic start to 2021. Inflation Remains Low; Investors Wary of a Late 2021 Spike While current inflation levels remain low, investors […]