Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press …
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in-depth, let’s lean on the experts and what history tells us to see what could lie …
Things to know when buying your first home...
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to [...]
Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:
“. . . some of the more prominent pandemic trends have
[...]
Have you missed the recent episodes of 'The Exponential Files', our weekly real estate show discussing the real estate industry and the massive changes in the way people buy and sell houses and the professionals who serve their needs? We have you covered. Each Friday hosts Jim Lowenstern and Larry Lawfer are joined by a top real estate agent [...]
Click here to watch the podcast
There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
Click here to view the full article.
Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.
Click here to view the full article.
Click here to view the full article.
If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.
Click here to view the full article.
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position
Click here to view the full article.
If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.
Click here to view the full article.
Having seen a price reduction of eight million dollars, the Chateau-esque Los Angeles mansion of actor and former funky bunch ringleader Mark Wahlberg is now tagged at $79.5 million.
Chateau Wahlberg has a big footprint to match its limestone pretentions; with 30,500 sq. ft. of interiors and 6.14 acres’ worth of grounds, its size is impressive even for its Beverly Park location. The property was initially listed in April of this year. Wahlberg had it custom built by Los Angeles trophy home expert Richard Landry; it was completed in 2014.
Click here to view the full listing!
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market.