News and Good Reads

Can you give me a spot?

I just started working out again. Its been a long time and I believe the last time I stuck to a workout schedule, Obama was beginning his 2nd term. Times have changed. Being much older and coupled with previous injuries, my confidence with what I can do in the gym was very low. One day… Read more »

Mortgage rates will be falling in 2023?

That’s the estimate from Fannie Mae.  Here’s what that means for homebuyers. The rate on a 30-year fixed mortgage will fall to an average 4.5% in 2023, according to Fannie Mae. Rates have jumped more than two percentage points since the beginning of 2022, largely due to the Federal Reserve increasing borrowing costs. Consumers shouldn’t… Read more »

How Mortgage Rates Are Impacting Sellers

Many factors contributed to the historic seller’s market that endured throughout the pandemic, which saw home prices rise by more than 50% in two years in some states. One of the biggest drivers of that growth was dirt-cheap mortgage rates. “The low interest rate environment has created an unprecedented opportunity for not only buyers getting… Read more »

2022 HOUSING FORECAST

With six of the top 10 millennial markets located in the South and two each in North Carolina and Texas, the top 10 millennial markets in rank order are: Austin, Texas; Des Moines, Iowa; Charleston, S.C.; San Antonio; Atlanta; Providence, R.I.; St. Louis; Winston-Salem, N.C.; Charlotte, N.C. and Spokane, Wash. More geographically diverse than the... Read more »
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