In March, the National Association of Realtors (NAR) reached a groundbreaking settlement that’s set to reshape the real estate landscape. This settlement not only involves a financial component but also introduces key changes to how real estate transactions are conducted, with a strong emphasis on transparency regarding agent compensation. Understanding the Impact on Buyers and […]
Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won’t stay that way for long, Realtor.com Chief Economist Danielle Hale recently predicted Home prices are set to fall in 2023, according to Realtor.com’s chief economist. But they won’t stay that way for long. Prices are set to […]
Now, although price growth through the pandemic period was clearly excessive, fundamentally speaking, the two periods cannot be considered to be similar at all As has become tradition, this first episode of the year will be dedicated to my forecasts for the US housing market in 2023 so let’s get straight to it. US home […]
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $727,200 in most parts of the country Federal regulators gave mortgage giants Fannie Mae and Freddie Mac the green light to back mortgages of up to $726,200 in most parts of the country next […]
While experts are throwing around phrases like “housing correction” and “slowdown in the real estate market,” things don’t seem much easier for homebuyers in the trenches right now. There still aren’t many homes for sale, and what is on the market is selling quickly—and often for more than the asking price. Buyers looking for a […]
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 […]
Brett MacLennan
Hill Realty Group
120 Newport Center Drive
Newport Beach, CA 92660
CA BRE 01838246
