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U.S Housing Market Continues to Cool

The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with ...

Is the Housing Market Slowing Down?

What Does Rising Inflation, Soaring Home Prices, and Increased Mortgage Rates Mean For Real Estate? To help quell inflation, which reached 8.6% as of last measure in May, the Federal Reserve raised interest rates by three quarters of a percentage point in June, the largest interest rate ...

Is the Real Estate Market Cooling?

After two years of record-setting activity, there are signs the housing market might be cooling. High
home prices and a surge in mortgage interest rates are slowing buyer activity, with home sales declining
for the third consecutive month under the weight of soaring homeownership ...

Mortgage Rates Increase but Listings Sell for Top Dollar

Median Sales Prices in Washtenaw County increased 12.4 percent to $422,500 for Single Family homes and 14.8 percent to $280,000 for Townhouse/Condo homes. Days on Market decreased 32.0 percent for Single Family homes and 52.8 percent for Townhouse/Condo homes. Months Supply of Inventory ...

Home sales Drop to a 6 month Low

New Listings decreased 17.4 percent for Single Family homes and 4.1 percent for Townhouse/Condo homes. Pending Sales increased 14.2 percent for Single Family homes and 35.0 percent for Townhouse/Condo homes. Inventory decreased 51.9 percent for Single Family homes and 51.6 percent for ...

The Real Estate Market Remains Hot

The U.S. real estate market remains hot ahead of the spring selling season, with existing national home sales up 6.7% as of last measure, according to the National Association of REALTORS®. Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed ...

Lowest Inventory Recorded Since 1999

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low ...

What a year 2021 was for the Real Estate Industry!

Fervent buyer demand, driven by pandemic-induced changes to housing needs and preferences, reached extraordinary levels in 2021. The inventory of homes for sale remained low, as home seller activity did not rise proportionally to meet this demand. New construction activity, while ...

Inventory Hits Rock Bottom

Nationwide, the 2021 housing market was one for the history books. After three consecutive months of increases recently, existing home sales are on pace to hit their highest level in 15 years, with an estimated 6 million homes sold in 2021 according to the National Association of ...

Will the Housing Market Cool?

The U.S. real estate market remains strong as we head into the holiday season, a period when activity typically slows as people take time to travel, celebrate, and spend time with loved ones

The Pros And Cons of Purchasing A Rural Property
Rural properties are usually associated with the great outdoors, an escape from metropolitan areas where everything is loud and fast-paced. But even if this is the most popular reason why people see rural homes as a perfect investment for retirement, some buyers get attracted to them without ...
Getting A Mortgage After Retirement
It may seem like a nearly impossible task to get a mortgage after retirement, but there are ways you can do it even if you are not employed. If you’re planning to apply for a mortgage, here are 5 common questions you might ask that we’ve answered for you: ...
Here's What Life Is Like After Paying Off Your Mortgage
How great does a mortgage payoff sound? After making your final payment, there’s nothing sweeter than seeing in your account that you are already “PAID IN FULL” after a substantial period of 15 or 30 years. Congratulations! Paying off your mortgage is a huge and remarkable milestone—you now ...

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