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Category: Interest Rates

    What Would a Recession Mean for the Housing Market?

    By Pick Pina Group | August 16, 2022

    According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a […] Read More

    Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

    By Pick Pina Group | August 5, 2022

    Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to infl... Read More

    Expert Housing Market Forecasts for the Second Half of the Year

    By Pick Pina Group | July 12, 2022

    The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the […] Read More

    The Drop in Mortgage Rates Brings Good News for Homebuyers

    By Pick Pina Group | July 11, 2022

    Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year […] Read More

    What Does an Economic Slowdown Mean for the Housing Market?

    By Pick Pina Group | July 7, 2022

    According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings […] Read More

    What Does the Rest of the Year Hold for the Housing Market?

    By Pick Pina Group | May 31, 2022

    If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes […] Read More

    Why Rising Mortgage Rates Push Buyers off the Fence

    By Pick Pina Group | May 17, 2022

    If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re […] Read More

    How Today’s Mortgage Rates Impact Your Home Purchase

    By Pick Pina Group | May 9, 2022

    If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, […] Read More

    2022 Housing Market Forecast [INFOGRAPHIC]

    By Pick Pina Group | May 6, 2022

    Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home... Read More

    How Homeownership Can Help Shield You from Inflation

    By Pick Pina Group | April 26, 2022

    If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to […] Read More