April 21, 2023 It's been just over a year since Mortgage rates spiked up significantly, from all-time lows of around 3% to where they currently are in the high 6%'s (average rates always assumes 30 year fixed rate mortgage, excellent credit). As you can imagine, this has been a damper on demand since many people cannot afford to buy now at these rates and prices. The market Continue Reading
Archives for April 2023
Understanding Where Supply Comes From
Sources for New Supply In Real Estate, you will often hear that prices are determined by Supply and Demand. While Supply and Demand is a fundamental tenet of markets, it's important to understand that with the housing market, both the supply side, and the demand side, can be, and are often artificially manipulated, sometimes on purpose, and sometimes inadvertently. There are Continue Reading
