The Impact of Rising Interest Rates on Housing Demand

shannonjones Real Estate Leave a Comment

Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real estate agents across the country …

2017 home sales

2017 Home Sales Will Continue To Increase

shannonjones Buying a Home , Featured Articles , Real Estate , Real Estate Market Update , Selling a Home Leave a Comment

Sales are projected to be good for 2017, with four separate institutions showing positive growth for the single family home market. It should be added that according to the California Association of Realtors’ 2017 California Housing Market Forecast, there is expected growth in Southern and Central California, with a potential for decline in the Bay Area as affordability reaches a …


Sales Up In (Almost) Every Price Range!

shannonjones Featured Articles , Real Estate , Selling a Home Leave a Comment

This is great news for Sellers! The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-7.7%). The decline in this price range points to the lower inventory of distressed …