As mortgage rates continued to rise in August 2022, the Jackson Hole Economic Symposium took place. For the unacquainted, the Federal Reserve hosts this annual three-day conference, discussing the country’s economic challenges and overall direction. Unfortunately, this latest event came as the United States real estate market heads for a downturn. In the face of […]
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 […]
As previously mentioned, 2021 marked one of the best years for real estate in recent memory. After the coronavirus pandemic stifled home sales throughout the country, the real estate market rebounded at a quicker pace than anticipated. However, the real estate market still deals with longstanding housing inventory challenges. In addition, rising home prices and […]
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 […]
2021 represented a banner year for real estate, leaving many to inquire about 2022 mortgage rates. Last year, mortgage rates hovered around record low numbers. Real estate experts largely attributed this to the prevalence of the coronavirus pandemic, and its numerous variants. Factors Driving Up 2022 Mortgage Rates The United States real estate market faced […]
The Delta variant spurred a startling mortgage rate plummet as of late. Mortgage rates declined as a result of the increasing economic uncertainties. Analysts attribute the uncertainty to the COVID-19 Delta variant and its mutations. As a results, the average 30-year loan rate fell to a five-month record. Freddie Mac Shows How Delta Variant Spurred […]
Recent reports have continued to show reasons for positivity related to the economy in job growth and inflation, but many investors continue to worry about the long-term effects leading into the rest of the year. Mortgage Rates Continue to Rise Mortgage rates have been on an upward path this year and stronger-than-expected economic data has […]
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 […]
Market Update: Stimulus Packages, Mortgage Rates, and Unemployment Reports With constant change and uncertainty surrounding much of 2021 from the ongoing pandemic, potential COVID stimulus, and volatile mortgage rates, the latest reports share their positives and negatives. Update on Mortgage Rates and the Housing Market The Democratic sweep in the Georgia Senate runoff election was […]
The end of 2020 was an eventful one for the economy and its potential rebound after the pandemic. Vaccinations began to roll out, the holiday season showing positive signs, and the U.S. market continued its growth. Late 2020 Job Gains Fall Short of Expectations While the rebound from unprecedented job losses caused by the partial […]