In my opinion, the primary reason that home prices are not going down in the foreseeable future, is "lack of inventory".  This short article does a good job of graphically explaining this by comparing past inventory levels to today's levels.

Today’s Housing Market Has Only Half the …

For the most part, I agree with this article regarding home prices.  But, we have seen quite a few price reductions over the last several weeks.  My personal opinion is that the sellers (and their agents) have simply overpriced their listings.  So, they are being forced to …

HOW OWNING A HOME CAN GROW YOUR WEALTH WITH TIME.......This article does a good job of pointing out and demonstrating how home ownership is a great way to build personal wealth.  Having been in the mortgage business and real estate business since 1976, I admit that I'm …

This is an interesting article regarding the economic impact of real estate.  I don't really have anything to add to it.  Enjoy.  And, please don't forget that Cheryl and I are ready and able to help you with any real estate needs that you may …

I don't really have anything to say or add to this article.  Basically, it's reminding us that even though home prices have gone down a bit from the highs of 2021 and 2022, they are still "sky high". 

A Drop in Equity Doesn’t Mean Low Equity …

Should Your Existing Mortgage Rate On Your Home Keep You From Moving?

That depends. This article makes the case that there are some issues/circumstances that are more important than your current mortgage rate. One of the main reasons (probably the main reason) that we have such a low inventory …

Are Home Prices Going Up or Down?  This is a great article that puts that question into perspective.  Basically, it makes the case that prices were so high in the Spring and early summer of 2022, that it makes it seem that prices are going down.  But …

If you are thinking about selling your home this summer, you should definitely read this home seller guide.  It's absolutely the best, most comprehensive seller's guide that I have ever seen.  It's free. Simply fill in your name and email and it will be immediately …

WHY IS THE REAL ESTATE MARKET SO STRONG?  This is a very good article that explains the uniqueness of the market that makes it so strong.  The article goes into much more detail, but basically it credits the number of homeowners with historically low rates and those same …

WHY ARE MORTGAGE RATES SO HIGH?

I really don't have anything to add to this article.  It's very detailed and presents a very accurate picture of where rates are and what they might do over the remainder of the year.  Regardless of what rates do in …