We are not in a “normalizing” housing market. We are in an affordability crisis that has learned to wear a better suit. Inventory is up in some places. Days on market are longer. Sellers are a little less confident. A few price reductions are showing up. The fever has come down, but the patient is […]

Last week ended on a promising note with Friday’s rates falling just barely below the previous Friday’s levels. This was a relief after the top-tier 30yr fixed rate matched 11-month highs for the average lender earlier in the week. Unfortunately, rates are starting the new week by heading back toward those highs. Our 30yr fixed

Home prices have soared over the past few years, which has incidentally constrained inventory due to a tax limit set in the 1990s.  Processing Content At least 10% of homeowners in seven states pay capital gains taxes, which can be as high as 20%, on the profits they make from the sale of their home,