by Carole Hiu Miller | May 10, 2023 | Advice for Buyers & Sellers, Housing Market Updates, Market Trends
The stability of the real estate industry, particularly in terms of lending, has been called into question following the recent failures of Silicon Valley Bank, Silvergate, and Signature Bank. While individual bank failures may not cause a widespread crash, they can...
by Carole Hiu Miller | Apr 11, 2023 | Advice for Buyers & Sellers, Budget Statistics, Home Buying, Market Trends
When considering a new home, it is vital to think of what kind of home you will look at. What you once thought you needed may not be the right home for you now. Here are seven different types of homes with their respective pros and cons of owning them: Single-family...
by Carole Hiu Miller | Apr 11, 2023 | Advice for Buyers & Sellers, Home Buying, Market updates, Mortgage Rates
As we near the end of March 2023, the mortgage market has seen some movement in interest rates. According to Bankrate.com, the average rate on a 30-year fixed mortgage is 6.93%, while the average rate on a 15-year mortgage is 6.18%. Jumbo mortgages with a 30-year term...
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...
