Home Prices Are Not Falling

by Carole Hiu Miller | Oct 3, 2023 | Housing Market Updates, Pricing, Seller, Selling Myths

During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of...

Explaining Today’s Low Housing Supply [INFOGRAPHIC]

by Carole Hiu Miller | Sep 29, 2023 | Housing Market Updates, Infographic

Some Highlights Wondering why the supply of homes for sale is limited today? There are a few factors at play. Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low. But...

Your Home Equity Can Offset Affordability Challenges

by Carole Hiu Miller | Sep 19, 2023 | Housing Market Updates, Seller, Selling Myths

Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that...

Are More Homes Coming onto the Market?

by Carole Hiu Miller | Sep 18, 2023 | Housing Market Updates, Seller, Selling Myths

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially...

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

by Carole Hiu Miller | Sep 15, 2023 | Housing Market Updates, Infographic, Seller, Selling Myths

Some Highlights Holding off on selling your house because you believe there aren’t any buyers out there? Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now. Don’t...

Let’s Talk Mortgages

by Carole Hiu Miller | Sep 14, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates

Hey folks, let’s talk mortgages and what’s been happening lately.   First off, the big news is that the average contract interest rate for 30-year fixed-rate mortgages, especially those conforming to loan balances of $726,200 or less, took a little dip. It went...