Market Insight

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Buyers June 2023 Market Report Inventory Remains Low The Greater Lehigh Valley REALTORS® (GLVR) reported June data showed temperatures heating up, yet the housing market remains cooler than usual for this time of year due to a combination of low inventory and higher borrowing costs, which have restricted market activity going into the summer homebuying season. “Low inventory levels and increased borrowing costs […]
Buyers Homeownership Is a Great Hedge Against the Impact of Rising Inflation Homeownership Is a Great Hedge Against the Impact of Rising Inflation If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in […]
Market Insight Home Price Deceleration Doesn’t Mean Home Price Depreciation Home Price Deceleration Doesn’t Mean Home Price Depreciation Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s […]
Buyers What’s Happening with Mortgage Rates, and Where Will They Go from Here? What’s Happening with Mortgage Rates, and Where Will They Go from Here? Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual […]
Buyers What You Need To Know if You’re Thinking About Building a Home What You Need To Know if You’re Thinking About Building a Home If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either […]
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