Blog | Helen Adams Realty Real Estate

IntroLend Monthly Mortgage Outlook | February 2023

By Thomas Baker, IntroLend Carolinas - February 13, 2023

The first meeting of the Federal Reserve in 2023 gave us a 0.25% hike of the Fed funds rate, which was widely expected by experts. Market sentiment leading up to that announcement indicated that investors believed inflation had peaked and the Fed would soften their stance on how high they believed rates needed to go before they decide to back off their hikes. Unfortunately, jobs data released thi

U.S. Housing Market Rebalancing in New Year

By Helen Adams Realty - February 10, 2023

Canopy Realtor® Association Market Updates Reprinted from January 2023 CRRA Monthly Indicators The U.S. housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed. Nationally, pending sales rose 2.5% month-to-month, marking the first increase since May, while sales of existing homes fell 1.5% as of last

2022 Year in Review & 2023 Forecast

By Helen Adams Realty - January 25, 2023

2022 was another year to remember for real estate in the Charlotte area. The year started much like the previous ended, with tight inventory that positioned sellers for success, low-interest rates that attracted profound buyer demand, multiple offers, and homes that spent very few days on market before going under contract. As interest rate increases became the focus toward the end of 2022, Charlo

Home Prices Continue to Soften Into New Year

By Helen Adams Realty - January 11, 2023

Canopy Realtor® Association Market Updates Reprinted from December 2022 CRRA Monthly Indicators 2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing home sales down month-over-month and falling 37

IntroLend Monthly Mortgage Outlook | January 2023

By Thomas Baker, IntroLend Carolinas - January 09, 2023

The end of 2022 provided slight relief from some of the worst predictions on interest rates. After a rocky fall that pushed rates over 7% temporarily, the December rate hike of 0.5% by the Federal Reserve was expected and inflation data showed minor moves in the right direction. The Fed has made clear they are not done raising interest rates, as inflation has proved stubbornly immune to their mone

Winter Brings Typical Housing Market Slowdown

By Helen Adams Realty - December 14, 2022

Winter Brings Typical Housing Market Slowdown Reprinted from November 2022 CRRA Monthly Indicators Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year. Buyers are delaying home purchases in hopes rates will drop, while many sellers are holding off on listing their homes due to weakening buyer demand

Supply of Homes for Sale Increased Relative to Demand

By Helen Adams Realty - October 07, 2022

Supply of Homes for Sale Increased Relative to Demand Reprinted from September 2022 CRRA Monthly Indicators The U.S. real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity. With inflation showing little sign of abating, the Federal Reserve implemented another 75-basis-point hike in Septem

The Housing Market Continues to Cool

By Helen Adams Realty - August 12, 2022

Canopy Realtor® Association Market Updates Reprinted from July 2022 CRRA Monthly Indicators. 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 the costs of buying

Mortgage Rates Are On The Rise

By Helen Adams Realty - May 13, 2022

Canopy Realtor® Association Market Updates Reprinted from April 2022 CRRA Monthly Indicators. The average 30-year fixed rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant impact on refinance applications, which are

2021 Year In Review & 2022 Forecast

By Helen Adams Realty - January 24, 2022

Between the strengthened seller's market and fervent buyer demand, driven by changes in housing needs due to the pandemic, 2021 was a year to remember. It was a powerful year for most housing markets across the country, and experts predict those markets that remained hot throughout 2021 are poised to carry the same momentum into the new year. At no surprise to the team at Helen Adams Realty, among

Experts Anticipate Many Housing Market Trends Will Continue in 2022

By Helen Adams Realty - January 11, 2022

Canopy Realtor® Association Market Updates Reprinted from December 2021 CRRA Monthly Indicators 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 REALTORS®. Sales prices reached n

The Real Estate Market Remains Strong Heading Into The Holiday Season

By Helen Adams Realty - December 13, 2021

Canopy Realtor® Association Market Updates Reprinted from November 2021 CRRA Monthly Indicators The economy is improving, unemployment is falling, and 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. Although the market is not as frenetic as it was earlie

The Local Leaf Blog

IntroLend Monthly Mortgage Outlook | February 2023

U.S. Housing Market Rebalancing in New Year

2022 Year in Review & 2023 Forecast

Home Prices Continue to Soften Into New Year

IntroLend Monthly Mortgage Outlook | January 2023

Winter Brings Typical Housing Market Slowdown

Supply of Homes for Sale Increased Relative to Demand

The Housing Market Continues to Cool

Mortgage Rates Are On The Rise

2021 Year In Review & 2022 Forecast

Experts Anticipate Many Housing Market Trends Will Continue in 2022

The Real Estate Market Remains Strong Heading Into The Holiday Season

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