National News

2024 Real Estate Predictions Lawrence Yun, the National Association of Realtors® (NAR) Chief Economist, has analyzed the U.S. residential real estate market, noting high mortgage rates, elevated home prices, and limited inventory as ongoing challenges. He projected an 18% decrease in home sales for 2023, following a previous 17% drop in 2022, largely due to rising interest rates. Yun said he expects...

The National Flood Insurance Program is expiring at the end of September, unless congress makes a move to change that. There is no guarantee that they will, as the NFIP is likely tied to a bill that may or may not pass. While they may make a short-term move to prevent the expiration from causing problems, if you're in the process of purchasing a property right now, this article has important information...

Housing prices are inching upward after a brief period of decline. Despite the fact that the fall and winter months usually experience a slower real estate market, the persistently low inventory is causing prices to rise. This is happening even in the face of higher interest rates and uncertainty due to the potential difficulty in obtaining flood insurance if Congress allows the National Flood Insurance...

Rates continue to climb and today they are at 5.89%. Just a year ago they were 2.88%. Read the full article here: Highest Mortgage Rates Since...