We’re forecasting falling home values, and this summer breeze on the cooling market should make buyers feel fine! Oh boy, a lot can change in a few months. At the beginning of the year, home prices were rising at an unsustainable 4% per month and selling faster than ever before. And then a war broke out! Needless […]
The Fed Raised Rates. Now What??!!
You probably noticed recent news articles that went something like this… “For the first time in 3 years, The Fed raises interest rates!!!” This headline gets overly-simplified and makes the reader believe that ALL interest rates, including mortgage rates, increased overnight because of the government. That is simply not true. In fact, mortgage rates LOWERED slightly […]