First Time Ever: Inflation Soars as Mortgage Rates Plunge

The last time inflation rose as mortgage rates fell? Never. But the world is awash with cash, and that holds down mortgage rates, says Wells Fargo senior economist. By Jeff Lazerson — NEW YORK – Contradiction? Kerfuffle? Chaos? Freddie Mac’s 30-year fixed plunged 11 basis points to 2.98% last week, even as the nation’s inflation rate jumped to 6.2%. When…


PACE OF HOME SALES IS SLOWING BUT STILL STRONG

Written by Leah Curtis 09 22 2021 Housing expert Ivy Zelman, founder of Zelman & Associates, talks rising home prices, the lingering cost of lumber, interest rates and more during the opening general session of the 2021 RE/MAX BOC.Can anyone guess where the market is headed, or whether historically low interest rates will dip even lower? The short answer is…


Market-Specific Home Buying Strategies

At one time, homes were purchased primarily based on how close they were to the workplace. Now, however, for many buyers the post-COVID increase in work-from-home options and the adoption of the remote workplace have made it possible to consider a wider range of residential options. Whether you’re looking to move into the city center, out to the suburbs, or…


5 Things to Know About Today’s Market

With home prices skyrocketing, there’s been a lot of speculation lately. Are we in a bubble? Will the housing market crash? Will home values come plummeting to the ground again? Fortunately, those concerns are largely unfounded. Most economists agree that today’s market is nothing like the market we saw in 2008 — and a crash is highly unlikely. Here are…


YOU PROBABLY WANT TO BUY AND SELL A HOME WITH A RE/MAX AGENT

3 min read Picture it: the U.S. housing market, 2021. Housing supply is low and demand is off the charts. Smart decisions and quick action might be the only things setting apart one homebuyer from another. With many listings being snapped up the day they go on sale, or within just a few days, the value an experienced, trusted real…


Taking an End of the Summer Break Vacation

Ten Things to Do to Get Your Home “Vacation Ready” Every home is unique and having a check list of things to do helps get your home in vacation mode so you don’t wonder if you stopped the newspaper or turned off the hot water heater while you are making memories with Family. Make a digital list that you reuse…


BACK TO SCHOOL AT HOME

HOME SWEET CLASSROOM: HOW TO UPDATE A HOME TO ACCOMMODATE SCHOOLING Stress-free tips to transform your home for virtual learning this fall | 4 min read Since Spring 2020, homes have been working overtime. Kitchen tables turned conference rooms, garages turned gyms and bathrooms turned spas. As many parents and caregivers prepare to welcome the upcoming school year, they’re also…