A shrinking economy. Rising mortgage rates. Flatlining prices. If you’ve been thinking about buying a home in 2025, it’s no wonder you’re feeling hesitant. For many buyers, the instinct right now is to wait it out. To see what happens before making a big move. And the headlines don’t help: The U.S. Bureau of Economic Analysis just reported a 0.3% drop in GDP in Q1 2025, following a strong 2.4% gain at the end of […]
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For the first time in over three years, existing home sales increased year over year, reaching a seasonally adjusted annual rate of 3.96 million in October. So, what exactly does this mean? So glad you asked! Even though 2024 is shaping up to have the fewest home sales on record, the rise in sales this October could be a sign that the housing market is starting to recover. After a long stretch of slowing home […]
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No matter how many elections you’ve lived through, each one can feel a bit like a wildcard when November draws near and you’re wondering whether you should make a move—or wait until the dust settles. Generally speaking, presidential elections have only a small and temporary impact on the housing market. That said, it’s natural to be curious as to how an election could impact your decision to buy or sell a home this year. So, […]
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The 2020s housing market continues to defy expectations. National home prices have surged over the past four years, surpassing growth experienced in entire previous decades. This rapid climb has many wondering – is this a sustainable trend, or are we due for a correction? Today, we are diving into the historical data and exploring what this means for you. 2020s Home Price Growth: Surpassing Expectations National home price growth in the early 2020s has already […]
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You may not feel it yet, but the housing market is shifting. In July, the market shifted from a strong sellers’ advantage to more balanced neutral territory, according to Zillow’s latest market report. So, what does this mean for you? Let’s dive in.
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