Broad Ripple Realty, LLC

With mortgage rates on the rise and earnings falling behind home price increases, is it a good time to buy a house right now? Learn more about home affordability in this interesting read! !

Housing Affordability Conditions Take a Hit in March Nationally, housing affordability declined in March 2022 compared to February, with the monthly mortgage payment increasing by 9.7% while the median family income increased by 1.1%.

When deciding when is the best time to buy or sell, the overall health of the housing market should play a big factor. Examining what has changed since pre-pandemic can provide insight into the spring home-buying season. !

Why the 2022 Housing Market is Very 2019 First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales Model, analyzing the housing market's performance against its potential.

Economists predict a decline in home price appreciation, from a peak of 19.8% in the first quarter of this year to 6.5 percent in the first quarter of 2023. Learn more by the Fannie Mae Forecasts! !

'Modest recession' eyed in 2023, Fannie Mae forecasts Home sales are now expected to decline by 7.4 percent this year and 9.7 percent in 2023, a dramatic adjustment from March, Fannie Mae economists say.

Home sales are expected to drop 7.4% this year and 9.7% in 2023, according to experts at Fannie Mae. Now is the time to sell! #️⃣HomebuyerSentiment !

Homebuyer sentiment hits another new low A record low 19 percent of Americans say it's a good time to buy a home, according to a monthly survey Fannie Mae's been conducting since 2010.

Rising mortgage rates have an impact on both housing supply and demand. Although mortgage rates have increased, house-buying power is above $360,000, which is still high compared to 2018. Link below! !

How Do Rapidly Rising Mortgage Rates Impact Affordability? First American Chief Economist Mark Fleming shares his proprietary Real House Price Index, examining how rising mortgage may impact affordability.

See why mortgage delinquencies drop to a record low in this interesting read. !

Mortgage Delinquencies Drop to Record Low The percentage of homes with mortgages that have late payments or are in foreclosure has dropped to the lowest seen on record in more than two decades.

As a means of coping, ARM loans are coming back due to the rapid increase in mortgage rates. According to the MBA survey, ARM loans accounted for 9% of mortgage loan applications in the previous weeks. !

Mortgage rates climb to highest level since 2009 ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan.

See what Senior Economist and Director of Forecasting, Nadia Evangelou at the National Association of Realtors has to say about the mortgage rates today. ⬇️ !

Instant Reaction: Mortgage Rates, May 12, 2022 After last week's surge, the 30-year fixed mortgage rate rose slightly to 5.30% from 5.27% the previous week. Unyielding inflation and the Fed's tightening policy seem to be the main drivers of today's mortgage rates.

We're in the midst of the hottest housing market in the nation's history. Home prices nationwide have risen 18.8% in the last year. However, housing experts made it clear that this outburst may eventually end. Sell Now! !

The housing market frenzy can't go on forever But all signs point to the housing market's boom continuing through at least the spring.

There's no denying that home prices and mortgage rates are at all-time highs. Borrowers are choosing adjustable-rate mortgages (ARM) or paying "points" to lower their interest rates. This article explains more! !

Housing affordability rapidly approaching bubble levels If mortgage rates rise another half a percentage point, or if home prices go up 5 percent, affordability will hit the worst levels on record.

The rise in commercial real estate prices continues to surpass the rise in real estate income growth. Is this to say that property values haven't reached their peak yet? Click to find out ➡️ !

Commercial Real Estate Prices Still Have Room to Run First American Senior Commercial Economist shares his proprietary Potential Cap Rate Model, which estimates a potential national cap rate based on several CRE market fundamentals.

The housing shortage has reached a breaking point, making it a battleground for buyers and sellers. But don't panic! Despite the bidding wars, you might be able to buy a home soon. Continue reading to learn how ➡️ !

On the House: How Can I Win a Home Bidding War in This Crazy, Competitive Real Estate Market? Cash may be king, but terms also matter. Here are some tips for making your offer stand out in a bidding war.