The Grosse Group Real Estate Agent

The Grosse Group

REALTOR®, SRES®, PSA®, HFR, SRES®
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Home Inventory Expected to Improve as Mortgage Rates Decline

By Helen Adams Realty - February 20, 2024
Canopy Realtor® Association Market Updates Reprinted from January 2024 CRRA Monthly Indicators U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significa
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IntroLend Monthly Mortgage Outlook - February 2024

By Helen Adams Realty - February 19, 2024
February has given us some backwards movement with interest rates due to investors’ realization that the Fed has all but guaranteed they will not be making their first cut to the Fed Funds rate in March. Consumer Price Index data this month also showed we’re having a harder time kicking inflation than economists predicted, which means we may be waiting even longer for the Fed to start cutting rate
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December Home Sales Up After Five-Month Decline

By Helen Adams Realty - January 19, 2024
Canopy Realtor® Association Market Updates Reprinted from December 2023 CRRA Monthly Indicators U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability
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IntroLend Monthly Mortgage Outlook - January 2024

By - January 18, 2024
As sentiment continues to change on when the Fed will begin their rate cuts, we’re still seeing rates a good bit down from the highest point in 2023. Regardless of when those rate cuts come to fruition, things are moving in the right direction. If you’ve been on the fence as a buyer, now is the time to reassess your budget and see what you’ll qualify for in this improving rate environment. Further
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Do You Need A Real Estate Review?

By Helen Adams Realty - January 08, 2024
Have you ever heard the term "real estate review"? If you're a homeowner, it's an important one to know. A real estate review is a comprehensive analysis of your home that gives you the knowledge to maintain, improve, and enjoy one of your largest investments - your home. Just like your regular physical at the doctor, reviews with your financial advisor, and visits to the dentist, checking in to
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2023 Year in Review + Look Ahead to 2024

By Helen Adams Realty - January 04, 2024
Each new year provides an opportunity to look back and reflect on the one prior. For many years, the Charlotte area has been a hotspot for residential real estate and 2023 was no different. The year began with Zillow and Axios announcing that Charlotte would be the hottest housing market of 2023 and was followed by months of mortgage rate volatility, continued home price appreciation, maintained l
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Existing Home Sales Slow to Decade-Low Pace

By Helen Adams Realty - December 12, 2023
Canopy Realtor® Association Market Updates Reprinted from November 2023 CRRA Monthly Indicators Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over-mo
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IntroLend Monthly Mortgage Outlook | December 2023

By Thomas Baker, IntroLend Carolinas - December 07, 2023
As we head into December, interest rates are at a four-month low, with the bond market (which is the driving factor behind rates) dropping upwards of 50 basis points in recent weeks. In the first week of December, markets are pricing in a 68% chance of us seeing a 100 basis point (or 1%) cut in rates by the Fed over the course of 2024. Fed Chair Powell continues to stress caution, reiterating his
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Home Sales Drop to 13-Year Low While Prices Rise

By Helen Adams Realty - November 14, 2023
Canopy Realtor® Association Market Updates Reprinted from October 2023 CRRA Monthly Indicators U.S. sales of existing homes recently fell to a 13-year low, dropping 2.0% month-over-month and 15.4% year-over-year as of last measure, according to the National Association of REALTORS® (NAR), as surging interest rates and elevated sales prices continue to make homeownership unaffordable for many pro
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IntroLend Monthly Mortgage Outlook | November 2023

By Thomas Baker, IntroLend Carolinas - November 10, 2023
As we enter November, interest rates are the lowest they have been in several weeks. For a while, buyers were flirting with 8% in many scenarios, but at least for the time being, most lenders are almost a half percent lower as we begin the month. October saw the bond market hit 5.00% for the first time in 16 years. The upward trend of the 10-year Treasury, which drives mortgage interest rates, tel
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IntroLend Monthly Mortgage Outlook | October 2023

By Thomas Baker, IntroLend Carolinas - October 12, 2023
Inflation has proven to be more persistent than expected going into October. Paired with jobs data numbers being double the projections, both factors don't bode well for interest rates. However, a shift in tone from Federal Reserve members suggesting a potential delay in further rate hikes through the year has allowed mortgage interest rates to soften slightly. An added layer of uncertainty lies
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Low Inventory Continues Into Fall

By Helen Adams Realty - October 11, 2023
Canopy Realtor® Association Market Updates Reprinted from September 2023 CRRA Monthly Indicators National sales of existing homes recently fell to a 7-month low, as surging borrowing costs, rising sales prices, and limited inventory continue to keep many would-be buyers out of the market. Borrowers have become increasingly sensitive to fluctuations in mortgage rates, which have remained above 7%
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