3 Things to Know in the Housing Market Today!
A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.
The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.
1. Interest Rates
One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here To Stay?” The latest information from Freddie Mac makes it appear they are. We are currently at a 21-month low in interest rates.
2. Building Materials
Talk of tariffs could also affect the housing market. According to a recent article, the National Association of Home Builders reports that as much as $10 billion in goods imported from China are used in homebuilding. Depending on the outcome of the tariff and trade discussions between several countries, there could be as much as a 25% boost in the cost of building materials.
3. Economic Slowdown
In a prior blog post on this topic, we began the year with many economic leaders thinking we could expect a recession in late 2019 or early 2020. As spring approached, we reported that economists had started to push that projection past 2020. Now, three leading surveys indicate that it may begin in the next eighteen months.
Bottom Line
We are in a strong housing market. Wages are increasing, home prices are appreciating, and mortgage rates are the lowest they have been in 21 months. Whether you are thinking of buying or selling, it’s a great time to be in the market.
Steps to Take Between Mortgage Closing and Moving Day
After closing on your mortgage, follow this checklist to prepare for moving into your new home. Change your address with the Post Office and update utilities. Review your inspection report for necessary repairs and create a maintenance schedule. Deep clean your new...
Guide for First-Time Homebuyers
Buying your first house can be both exciting and overwhelming. Resources are available to empower you with the knowledge needed for homeownership. You can save up to $1,250, and if you find lower costs elsewhere, there are incentives. Local experts are available to...
Housing Market Predictions 2025
In 2025, the housing market shows slow stabilization with mortgage rates declining from near 7%, boosting buyer interest. Home sales remain sluggish but may rise 6% by year-end, while prices continue modest growth due to limited supply. Inventory has increased,...
What Mortgage Rate Will Get Buyers Moving?
A 6% mortgage rate could make homes affordable for 5.5 million more households, potentially unlocking major buying activity across key U.S. metro areas. NAR forecasts rates falling to 6% by 2026, possibly increasing home sales 14%. Current high rates and inventory...
Homeowner Equity Grows Even as Home Prices Dip
After 3 quarters of slipping, equity-rich homes finally ticked up in Q2 2025. ~50% of U.S. homes with mortgages are now equity-rich. Equity-rich = owing less than 50% of your home’s value. In just one quarter, equity-rich homes jumped from 46.2% to 47.4% nationwide....
Is a 31% Boom in Home Prices Possible by 2029?
US home prices ↑ 19.8% cumulatively from 2025 to 2029, averaging ↑ 3.7% annual growth. Annual growth accelerates to ↑ 10.8% by 2027, then reaches ↑ 19.8% cumulative increase in 2029. Optimistic forecasts predict up to ↑ 31% total growth by 2029, pessimistic as low as...
Happy Labor Day
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical...
8 Tips For First-Time Homebuyers
First-time homebuyers should follow eight essential steps: assess debt and ensure a manageable debt-to-income ratio, check and correct credit score errors, review budget for additional costs, determine down payment, get preapproved for a mortgage, identify desired...
2.25% Fed Rate: Coming by 2027?
Fed projects a 2% in rate cuts by end of 2027. Forecast: Fed funds rate to decline to 2.25%–2.50% by late 2027. Despite tariff-driven inflation bumps, slowing growth will push Fed to cut further. 10-year Treasury yield forecast to fall to 3.25% by 2028, down from 4.2%...
2025 Housing Forecast: Housing Prices up 3%
The experts forecast a 3% national housing price increase in 2025 due to limited supply. High mortgage rates discourage homeowners from selling, keeping supply low and supporting price stability.