
This week, we interviewed Angel Dean, the managing broker at FC Tucker Carmel, along with Shelly Walters and Kyle Morris. With the arrival of spring, the housing market is experiencing low inventory, resulting in realtors selling properties for over the list price. It is advisable to hire a real estate agent to avoid overbidding and potentially save a significant amount of money.
"Low Inventory and High Demand: Spring Housing Market Sees Realtors Selling Homes Above List Price, Underscoring Need for Expert Real Estate Agents to Help Homebuyers Navigate Competitive Market"
Mortgage Rates Recover After Inflation Data Matched ForecastsBy: Matthew GrahamWed, Apr 12 2023, 4:25 PM "Mortgage News Daily "
If we could only blame one thing for the huge jump in interest rates seen since early 2022, it would be inflation. That fact led to a high degree of focus on reports like today's Consumer Price Index (CPI), which is unequivocally the most relevant monthly data point on inflation as far as interest rates are concerned.
Today's CPI data was right in line with expectations at face value, but the underlying details were slightly rate-friendly. Specifically, the component that measures housing expense saw its biggest drop since the start of the pandemic. That's important because it remains one of the last and most stubborn sticking points in a price landscape where many other components have long since corrected back to more normal levels.