The market is slowing. Since last month, inventory has increased 133%, but at 0.7 months of inventory we are well within a Sellers’ Market, which is anything below 2 months. Revisiting the driving analogy, we were going 200 miles per hour, which is stupid fast and not sustainable, now we are going 90 mph which […]

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does […]

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by […]