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November 23, 2022
Uncertain economy does not mean home price crash

As the Fed continues hiking its own rates to fight inflation mortgage rates are expected to follow a similar trajectory.

After a decade of a strong seller’s market punctuated by the pandemic housing explosion higher mortgage rates finally began reining in runaway competition.

In winter 2022 home shoppers have more opportunities and less competition free to insist...

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November 18, 2022
Uncertain economy often good time for refurb

Home ownership is generally on much more solid footing today than during the Great Recession (2009-2012).

Despite slowing price growth borrowers who purchased homes before February 2020 have gained a collective $5 trillion in equity or about $92 000 each.

If needed a home "cash-out" refinance loan can provide extra money for improvements. While today's...

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November 3, 2022
Recession question weighs on 2022 home sales

The Bureau of Economic Analysis recently reported that the U.S. Gross Domestic Product (GDP) suddenly surged by 2.9% in the third quarter of 2022 on the heels of two negative quarters – the generally accepted threshold for recession.

So are we in recession or not? The question is key to the future of housing.

Most economic worries...

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October 31, 2022
Rising interest rates dampen fall home sales

As we roll into fall of 2022 home shoppers are navigating unprecedented economic volatility.

The Federal Reserve has made multiple baseline interest rate hikes in 2022 which have filtered down to home mortgages. By all indications the central bank will continue raising rates into 2023.

In the days before the coronavirus crisis of 2020 real estate prices...

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October 13, 2022
Investors affect housing market

Since the pandemic housing boom began in the late spring of 2020 investors have flooded the U.S. housing market.

In 2021 investor home purchases grew by 39% compared to 2019 (2020 is not counted because of the drag from the pandemic). Many investors targeted houses at the lowest tiers of affordability to feed the massive demand...

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October 6, 2022
School District assignment becoming thing of the past

Thanks to a recent wave of parent demand to have more control over where their child goes to school legislatures nationwide are embracing "open enrollment."

For more than a century American public-school students were assigned to attend certain institutions based on school district boundary maps and zoning. Public schools accepted all students within their districts regardless...

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