Housing market economists expected the market to change this year. But, it’s changing more than many expected at the start of 2022. Inflation and mortgage rates both spiked faster than most experts predicted. Inflation reached a 9.1% hike in June and mortgage rates are well over 5%. With these drastic changes, economists are revising some […]
The latest CoreLogic report found that home prices are continuing their record-breaking ascent, with detached properties appreciating the most Even after a year of extremely high home price growth, June’s numbers broke all possible records. According to the latest numbers from property analytics provider CoreLogic, home prices rose 17.2 percent annually in June — […]
The California housing market is red hot as the year comes to an end. The state has already recovered all the sales it lost in the first half of the year as insatiable housing demand in recent months has propelled sales to levels not seen in the past 15 years. Sales of existing single-family homes […]
Fall is the new spring in real estate Record-low mortgage rates, skyrocketing buyer demand, and shrinking inventory have pushed the housing market’s busy season forward through at least the end of the year. Record-low mortgage interest rates, the increased need for more spacious, multifunctional homes during the coronavirus pandemic, and timelines that no longer necessarily […]
‘Curb appeal has never been as important as it is today,’ landscape designer and HGTV personality Carson Arthur told Inman. With coronavirus lockdowns still in full swing, no part of the home is proving to be as valuable as the backyard and front yard. Those who have a garden or a tree-lined patio can spend […]
The coronavirus crisis has ravaged not only the nation’s economy, driving down the stock market and pushing roughly 16 million people into unemployment, but its psyche as well. And the housing market has not escaped unscathed. With more Americans out of work and worried about the security of their jobs in addition to their health, […]
Brett MacLennan
Hill Realty Group
120 Newport Center Drive
Newport Beach, CA 92660
CA BRE 01838246
