Dreaming of a Housing Market Crash? As the FED pushes the envelope on interest rate and mortgage rate rises, many buyer prospects continue to hope for a housing market correction with lower prices. Well okay, they would prefer an outright crash. Because prices are unreachable no matter what mortgage rates are. And it will take…
Are Home Prices About to Rocket? Everyone is waiting for interest rates to fall. That’s because those rates are what’s stopping the housing market specifically. High rates harm a lot of industries, but real estate is worst hit. It will recover quickly when rates go down. It’s those unwelcome interest rates that are preventing most…
The Rolling Question of a Housing Market Downturn Another year has passed, with buyers and sellers asking whether the housing market could crash? Would that be a good event for buyers, the homeless, and as a launch pad for a 2024 housing market resurgence? There are economists and housing market experts who extoll the…
Could the Housing Market Crash or at least Turn Down Hard? There are plenty of homebuyers still wondering when home prices might fall back to affordable levels. And too, they ask if a housing market crash is possible. Most economists and housing experts of recent believe there won’t be a crash. If terrible things were…
5 Year Forecast for the Housing Market What does the market crystal ball indicate about the 5 year outlook on the residential real estate markets across the US? Experts seem pretty certain home prices will fall this year, but almost none of them want to project beyond 2023. But homebuyers aren’t interested in 2023 anymore,…
Home Equity Lines of Credit (HELOC) We don’t often think of the housing market as a store of usable wealth. Yet, a good portion of the wealth created by people is sunk into this one investment. That means the value is leveraged by the banks when they lend out. They enjoy the profit from having…
Compare Lowest Home Mortgage Rates Mortgage rates are rising fast and could go much higher yet. The chart showing the mortgage rate forecasts is a bit frightening. Any refinancing you need, should likely be done now at 6% instead of 12% in the years ahead. On a $300,000 loan, the extra cost would be expensive….
What’s the Outlook for the Housing Market? Most expert forecasts for the housing are calling for moderation in home prices beginning now and into 2022 and 2023. But are they just trying to talk down what is a very hot housing market? In one controversial poll by Reuters, Mark Vitner, senior economist at Wells Fargo…
Mortgage Refinancing Boom? Government’s are lowering interest rates to ride out the pandemic period and homeowners are very eager to refinance their mortgages, and buy homes or real estate during the record low period. Mortgage brokers and banks are competing by dropping mortgage rates to capture new clients and new refinance generated customers. Home buyers…
Is the Housing Market Recovering? The housing market in 2020 took at sharp hit when the Covid 19 disease came ashore in the US. But this steep drop had to be followed by a sharp uptick at some point and it looks like it’s in full swing now. So what does a post Corona Virus…
Is Canadian Real Estate in for a Big Price Drop? Even in the wake of the deadliest health epidemic of the last century, the Toronto housing market and Vancouver housing market did not crash. And if China had not released its deadly disease, the housing markets would have been roaring right now. It’s like science…
Why Are There So Few Toronto Homes for Sale? The shortage of houses for sale is a topic has been discussed well on this housing blog for many years now. Not enough pressure has been put on government to promote housing market health. Instead, political ideologies have suppressed the market and now these shortages were…
Housing Prices Dropping Nationwide Everyone knows home prices and condo prices are falling right now, but no one is reporting data on the rapid decline. One recent unofficial report was a 10% decline recently, but that’s before the state of emergency. The Corona Virus Pandemic was sudden and it’s beginning to take its toll on…
Rate Forecast: Are Lower or Higher Mortgage Rates Ahead? You’re asking should I Should I Buy a House Now or refinance my mortgage? Is a crash of the housing market a possibility? Will Mortgage Rates go Down? 1, 5 and 30 year mortgage rates are dropping. And with oil prices rocketing today, inflation is an…
Cheaper Mortgage Rates What’s the immediate forecast for mortgage rates? Lower and perhaps even lower. If you’re buying a home or condo in 2018/2019, you’ll want to buy your mortgage in the next 6 months. The economy is improving and mortgage rates will rise. Shopping online means time saved, no sore feet, no parking hassles or…