Kendall Racanelli on August 24, 2023 No Comments
| We are excited to publish our Market Insights for August 2023! Please, use the link below to access our latest report:Blue Pebble Market Insights (August 2023) For those who just want “The Skim:” 1. Homes are officially expensive. 2. Demand: It’s just the comps. 3. Supply: Gone, again If the Fed is going to pause, why are long-term interest rates going up? Last month, Chairman Powell hinted that the Fed will be much more cautious as it evaluates future rate hikes, and one would have expected long-term interest rates to start going down after that news—but the opposite happened. Since the July announcement, 10-year interest rates are up by nearly 0.50%, and that doesn’t help the average consumer much. Even more interesting is that home prices haven’t moved lower yet, and that’s creating a major housing affordability issue across the country. In this Market Insights article, we will dive deeper into the affordability quandary with a discussion of proprietary analysis on housing affordability. Here’s a sneak peek: the only times in the last 40 years when homes have been this expensive were 1987-1990 and 2006-2007… — Jared, Founder & Owner, Blue Pebble GroupJoin us for a fun-filled night before the summer ends! Drinks, light snacks, and laughs will be provided. Due to the nature of this event, please RVSP here if you want in on the action… you know you want to! Hope to see you there!  TRACIE KONIGSBAUER CLIENT ADVISOR – BLUE PEBBLE HOMES We know there is a lot going on right now, and I am here to help you with any questions you have. Are you or someone you know experiencing a stressful real estate transaction? Call me TODAY so we can get you on the right track! PS — We are able to offer competitive pricing and discounts on your transaction by way of our affiliated companies. Company NMLS 2447767 |
