Current News

Current Mortgage Rate Trends In 2024, mortgage rates have fluctuated significantly. According to the Mortgage Bankers Association (MBA), the average 30-year fixed mortgage rate has hovered around 7.5%. This marks a sharp increase from the sub-3% rates seen in 2020. Factors such as: inflation Federal Reserve policies global economic instability have driven these changes. Homebuyers […]

Understanding Smart Home Technology Smart home technology integrates advanced systems and devices to automate and enhance home management. New real estate developments increasingly incorporate these technologies to meet homebuyers’ expectations. What Is Smart Home Technology? Smart home technology uses internet-connected devices to enable remote management and monitoring of home systems. Examples include smart thermostats, lighting

Overview of New Real Estate Laws in 2024 Several new laws are set to impact the real estate market significantly in 2024, addressing issues like housing affordability and environmental sustainability. These legislative changes will influence various stakeholders including buyers, sellers, and investors. Housing Affordability Environmental Sustainability By understanding these new laws, stakeholders in the real

Current State of the Housing Market Recent data highlights the tight balance between housing supply and demand. The latest figures from the National Association of Realtors show a 10% increase in housing prices over the past year. For context, homes are selling faster than ever, averaging 17 days on the market compared to 28 days

Understanding Homebuyer Preferences Homebuyers’ needs have shifted with evolving lifestyles, technological advances, and global events. Demand for open floor plans and multifunctional spaces has surged, reflecting a desire for flexibility. Kitchens and living areas that blend seamlessly signify modern living. Smart home features are essential today. Buyers expect integrated systems controlling lighting, temperature, and security.

Overview of Inflation and Real Estate Inflation occurs when prices of goods and services rise over time. In the context of real estate, inflation impacts several key areas. Property prices typically increase as the cost of living rises. When inflation is high, construction materials and labor costs also rise, making new homes more expensive to