Interest Rate Trends
Updated 10/10/2023 There are some financial indicators suggesting interest rates might come down a little next year. I’m keeping my fingers crossed but not holding my breath as it appears interest rate ups and downs run in 12 to 18 year cycles. If so, rates will continue up for the next 10 years before they […]
Housing Price Trends
Updated 10/09/23 This newsletter is updated as the economy and situations change. Housing prices have inched up slightly this past year even though here is more available inventory for sale,(homes for sale), as compared to the last few years. Prices have not completely come back to their peak of the early spring 2021 when interest rates were […]
Rental Value Trends
Updated 10/09/23 This newsletter is updated as the economy and situations change. CLICK FREE Rental Analysis BELOW TO IMMEDIATELY GET YOUR HOME’S RENTAL VALUE Local rents peaked this past spring, up around 10% from spring 2022. Since then have dropped around 5%. Rents are now at the upper limit of affordability. This is worsening due to […]
Rental Value Trends
Updated 03/28/23 This newsletter is updated as the economy and situations change. CLICK FREE Rental Analysis BELOW TO IMMEDIATELY GET YOUR HOME’S RENTAL VALUE “When people can no longer afford steak, the price of chicken goes up, “Alex Schauffert. As an analogy in this case steak being the home you buy and chicken being the home you […]
Rental Value Trends
Updated 08/31/22 This newsletter is updated as the economy and situations change. CLICK FREE Rental Analysis BELOW TO IMMEDIATELY GET YOUR HOME’S RENTAL VALUE “When people can no longer afford steak, the price of chicken goes up” Alex. Higher interest rates and record-breaking inflation continue to financially strangle the average person. Buying a home […]
Interest Rate Trends
Updated 8/31/2022 Interest rates have yo-yo’d down & up again a little over the past month or so but basically doubled this year. The Federal Reserve is now doing a balancing act between keeping interest rates up to slow inflation and keeping interest rates low enough to stimulate the economy through this mild recession we […]
Housing Price Trends
Updated 08/31/22 This newsletter is updated as the economy and situations change. For Now… Housing prices have leveled off, maybe even dropped a tiny bit and homes are taking longer to sell. Sale times now average closer to three months versus earlier this year when homes would sell in a week or two, regardless of condition. […]
Housing Price Trends
Updated 07/12/022 Home prices have stopped going up and started coming down a little. Why? Because there are many more homes for sale. Though the number of buyers has not dropped much, the number of sellers has more than doubled. Supply and demand. There’s no longer a shortage of homes for sale. With the high […]
Interest Rate Trends
Updated 7/12/2022, Although interest rates have pretty much doubled since last year they have currently dropped a tiny bit. Low or no income qualifying loans, ARMs (adjustable-rate mortgages) that offer a discount for the first few years to help people qualify, 40 year mortgages and even interest only loans, are all coming back!. (Just like […]
Rental Value Trends
Updated 06/20/22 This newsletter is updated as the economy and situations change. As higher interest rates and record-breaking inflation continue to financially strangle the average person, it is likely, just like in our last recession of 2007, that rental properties will stay in demand for needed housing. The highest market rents may fall off a […]