With all eyes on the recent collapse of Silicon Valley Bank (SVB) for an incredible $209 billion, some wonder how and when the bank failure may impact the housing market, particularly the California market. In terms of raw size, the…
The rock-bottom mortgage interest rates that came about after the 2008 financial crisis and recession gave millions of Americans the opportunity to become homeowners. Rates remained historically low for more than a decade. When rates dipped below three percent in…
Logic suggests that the 2023 housing forecast is neither terribly bad nor exceptionally rosy. Industry analysts don’t expect a crash, but most don’t expect prices to continue climbing at the same rapid rate as they have in the past few…
At the close of the summer season, would-be homebuyers in Southern California saw encouraging signs that the robust real estate market was softening with reduced demand and an increase in the number of available listings. However, these mild changes haven’t…
One thought on the minds of future home buyers and sellers throughout Southern California is how home sales will fare in 2023, given the difficult economic factors currently impacting the industry. According to real estate company Redfin, home sales may…
Contrary to popular belief, the Federal Reserve doesn’t set mortgage rates. The central bank’s decisions impact financial products like CD rates and savings accounts much more directly than they do mortgage interest rates. Why Mortgage Rates are Sometimes Lower Than…
As of September 2022, the Federal Reserve has increased its benchmark rate four separate times, increasing the federal funds rate to a range of 2.25% to 2.50% from zero percent. The Fed’s actions are in response to severe inflation, with the central bank’s actions expected to cool the economy and reduce the inflation rate. But what about the question: is borrowing a good idea during rate hikes?
Throughout 2022, the Federal Reserve has moved decisively to tame inflation, with several interest rate hikes totaling 2.25 percent in less than six months. Will the Fed continue to increase rates to slow inflation, or will interest rates fall in…
For prospective homeowners, one of the most critical factors in the buying process is the mortgage interest rate. Unfortunately, those interested in buying a home have endured a challenging year in 2022. Specifically, we are talking about the Federal Reserve interest rate hike.
As 2019 came to a close, an already robust real estate market received quite a jolt from the COVID-19 epidemic. And now, more than two years after the pandemic started, the market seems forever changed. What do these lasting housing market changes after the pandemic mean for buyers and sellers?
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