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First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Motion-Up Buyers, Pricing

3 Graphs that Show What You Need to Know About Today'due south Existent Estate Marketplace

3 Graphs that Show What You Need to Know About Today's Real Estate Market

The Housing Market place has been a hot-topic in the news lately. Depending on which media outlet y'all watch, it tin start to exist a bit confusing to understand what's really going on with interest rates and home prices!

The best mode to show what'southward actually going on in today'southward real estate market is to go direct to the information! We put together the following iii graphs along with a quote from Chief Economists that accept their finger on the pulse of what each graph illustrates.

Involvement Rates:

"The real manor market place is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most of import drivers of home sales. Ascent sales demand coupled with more inventory than previous spring seasons suggests that the housing market place is in the early stages of regaining momentum." – Sam Khater, Chief Economist at Freddie Mac

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Income:

"A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer conviction is driving the sales rebound." – Lawrence Yun, Chief Economist at NAR

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Home Prices:

"Price growth has been too strong for several years, fueled in part by abnormally low interest rates. A balmy deceleration in abode sales and Home Price Index growth is really healthy, because it will at-home excessive price growth — which has pushed many markets, particularly in the W, into overvalued territory." – Ralph DeFranco, Global Main Economist at Curvation Capital letter Services Inc.

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Bottom Line

These iii graphs indicate skilful news for the spring housing marketplace! Interest rates are low, income is rising, and dwelling prices have experienced balmy deceleration over the terminal 9 months. If you are considering buying a habitation or selling your house, contact a local existent estate professional that tin assistance yous sympathise this data at the local level and its impact on yous.

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