by Carole Hiu Miller | May 12, 2022 | Advice for Buyers & Sellers, Housing Market Updates, Predictions
Prediction 1: Mortgage interest rates will rise It was predicted that mortgage rates would rise in 2022. Lawrence Yun, the chief economist at the National Association of Realtors, thought rates would be around 4% during 2022. The Mortgage Bankers Association said the...
by Carole Hiu Miller | Feb 7, 2022 | Advice for Buyers & Sellers, Housing Market Updates, Interest Rates
The primary reason for the sellers’ market experienced in most United States of America is the lack of housing. This is because demand for housing exceeds the supply. However, the good news is coming from the U.S. Census Bureau for December of 2021. More housing...
by Carole Hiu Miller | Jan 14, 2022 | Advice for Buyers & Sellers, Housing Market Updates
Danielle Hale, Realtor.com chief economist: “Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs.” Bob Pinnegar, president and CEO of the National Apartment Association: “Demand for apartment and...
