Rates, Inventory, and Home Prices ……. What does that mean for Real Estate Industry? Rates: Rates are hovering at a 2 year low; will we see buyers flood to the market? I don’t think so, but we did see a micro spike of refinance applications. The #1
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Welcome Back for another addition of Piatt News! All things real estate. Let’s get to the point. What has been lingering in the minds of industry professionals and consumers? In a nutshell…. So, will mortgage rates go down? Just google it to find out, or do not!
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“All Things Real Estate” News What’s Up? What’s Down? What does that mean to YOU? If I had a crystal ball, I could tell you but my 2 cents; something has got to give. Whether that is rates, prices, affordability, or inventory; one of these will need
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Piatt News | October 2023 Edition According to National Association of Home Builders and the Wells Fargo Housing Market index, “Homebuilder sentiment goes a negative for the first time in 7 months.” What are they blaming this on? And why all of the sudden. Here is what
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What’s happening in the Valley? What that means to you? Know WHO you are working with! In summary, While inventory continues to be in short supply, August witnessed an unusual uptick in newly listed homes compared to July, hopefully signaling a return in seller activity heading toward
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Summary: Let’s recap when it all began…. the last year: The Federal Reserve kicked-off its rate hike campaign in March of 2022, in hopes to slow the housing market. This led to a rise in mortgage rates and as a result, eventual led to a very slight
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Price REMAIN FLAT! LITERALLY, no movement from March to April. What’s UP Year over Year? What’s DOWN Year over Year? What that means to you?
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Oregon Housing Market Update: WVMLS Local Market: What does this mean? What do you think? Piatt’s Crystal Ball: (as we know, in this market, all things are possible. This is just my thoughts.) Click here for the full details: https://www.redfin.com/state/Oregon/housing-market
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CFPB Who? They’re back…. Why is this important for us industry folks to know? Because their repercussion are known to be grave. For example, Wells Fargo, the #1 mortgage originator has officially stepped back from the housing market. This was just announced January 11th, 2023. Article cited
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December brings gifts for Buyers but not for Builders Well, builders aren’t giving up the entire goose quite yet! We have nowhere reached 2007-2008 giving levels. Follow me, to learn what’s up, what’s down and what might we have to look forward to. In November: According to
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