Market

Covington Corner Mortgage Blog Weekly Mortgage Newsletter – 6/27/2022 *This post is written by our Preferred Lender* Inventory issues continue to impact home sales and rental home prices while Fed Chair Powell said a recession is “certainly a possibility.” Here are the key stories: Existing Home Sales Still Strong Into Summer The Real Scoop on New Home Inventory Fed Chair Powell Testifies That Recession […]
Covington Corner Mortgage Blog Weekly Mortgage Newsletter – 6/21/2022 *This post is written by our Preferred Lender* A Fed rate hike, hot wholesale inflation, weakening builder confidence, and signs of economic slowdown led to a volatile week in the markets. Here are the top headlines: Fed Rate Hike Largest Since 1994 Wholesale Inflation Declines Slightly But Remains Elevated Builder Confidence Weakens as Homebuyer Traffic […]
Buyers Perspective on the Current Shift in the Real Estate Market “How’s the market?” is the question we are always asked. Regardless if it’s with family and friends, or at our open houses – people want to know. Being a transitory time in the market: now more than ever, the answer to this question is both crucial and detailed. Currently, our market is experiencing a shift […]
Covington Corner Mortgage Blog Weekly Mortgage Newsletter – 6/13/2022 *This post is written by our Preferred Lender* Consumer inflation reached a 41-year high in May while annual home price appreciation tied another record high in April. Here are the key headlines: -Consumer Inflation Hits Highest Level Since 1981 -Majority of Top Economists Do Not Believe We’re in a Housing Bubble-Annual Home Price Appreciation Ties […]
Market 2022 Q1 Gardner Report The following analysis of select counties of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner.
Market Quarterly Reports – Q1 2022   The 2022 real estate market started in a sprint! We started this year with the lowest amount of available inventory this market has ever experienced coupled with mortgage interest rates a full point lower than they are now, a robust buyer pool due to a strong job market and work-from-home influenced moves, and the […]
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