In this "Market Update" video, I explain why home prices continue to appreciate despite mortgage rates hovering around 6-7%. Discover how inventory shortages and a surge in cash buyers are driving prices up, making it a seller's market. If you're considering selling your home, now is the perfect time to act.
Read MoreInventory has shot up by 17% since the year began, suggesting some relief from the inventory crisis. It's the first time since last April that we've seen more homes available compared to the previous year. Despite mortgage rates fluctuating between 6.6% and 7.1%, demand remains strong, demonstrating market resilience in the face of higher mortgage rates.
Read MoreThe housing market is seeing significant shifts! Mortgage rates are creeping back up, inching closer to the 7% mark. Despite this, as Spring approaches, demand has surged by an impressive 28%. Additionally, inventory has seen a notable 16% increase over the past week. However, it still lags considerably behind the three-year average.
Read More
