BLOGS

Summary Home prices are still higher than they were a year ago, but gains are shrinking at the fastest pace on record, according to S&P Case-Shiller. Prices in August were 13% higher nationally compared with August 2021. That is down from a 15.6% annual gain in the previous month. Home prices are st

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To be

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life

Perspective Matters When Selling Your House Today Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still

OCEANPORT, NJ — Netflix has been selected to open a massive film production studio at Fort Monmouth if a price can be agreed upon. Fort Monmouth is the former military base in Monmouth County that was shut down by the U.S. Army in 2011. If the deal goes through, Netflix will purchase 298 acres on th

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.14% +0.02% 15YR Fixed 6.37% +0.02%   Mortgage Credit Availability Down to New 9 Year Low in September The Mortgage Bankers Association (MBA) released its Mortgage Credit Availability Index (MCAI) for the month of Sep

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why. The 20% Down Pa

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.12% +0.08% 15YR Fixed 6.35% +0.20%   Rates Back to 20 Year Highs as Economy Remains Resilient The resilience of the economy is a matter of debate with different cases to be made depending on the data. But when it com

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.04% +0.09% 15YR Fixed 6.15% +0.10%   Application Volume Plunges to 25 Year Low There were two storms brewing last week and each contributed to driving mortgage applications to generational lows. The Mortgage Bankers

Mortgage Rates Jump Back Up Toward 7% Wed, Oct 5 2022, 4:19 PM The mortgage rate world has been on a wild ride in general, and even more so in the past few weeks.  The crux of the drama was a British fiscal policy announcement that sent financial markets into a tailspin just after the September 21st

Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rate

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pin

  Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: w

  Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeo

Will My House Still Sell in Today’s Market? If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past

The national inventory of active listings increased by 26.6% over last year.  The total inventory of unsold homes, including pending listings, increased by just 1.3% year-over-year due to a decline in pending inventory (-21.9%).  Selling sentiment declined and listing activity followed, with newly l

If you're thinking about buying a home today, there's welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be

In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should –

The Mortgage Bankers Association (MBA)says the pace of mortgage applications slowed fora fourth consecutive time during the week ended September 2. MBA’sseasonally adjustedMarket Composite Index, a measure of application volume, decreased 0.8 percent headinginto the long Labor Day holiday weekend. O

Expert Forecasts on Mortgage Rates If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your