Many of today’s homeowners bought or refinanced their homes before or during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak and are still lower than industry highs we've realized in the past, they are still higher than they were a couple of years ago.
Topics: Listing Your Home, Selling your Home, Selling 101, Homeownership
Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.
Topics: Listing Your Home, Trends in Real Estate, Selling your Home, Selling 101
If you’re trying to decide whether or not to sell your home, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.
Topics: Listing Your Home, Real Estate Market Update, Selling your Home, Selling 101