Real Estate News | Helen Adams Realty

Home Sales Rise in First Monthly Gain in a Year

By Helen Adams Realty - April 12, 2023

Canopy Realtor® Association Market Updates Reprinted from March 2023 CRRA Monthly Indicators Nationally, existing home sales jumped 14.5% month-over-month as of last measure, the first monthly gain in 12 months, and representing the largest monthly increase since July 2020, according to the National Association of REALTORS® (NAR). The sudden uptick in sales activity stems from contracts signed t

Inventory of Homes Rises as Spring Market Approaches

By Helen Adams Realty - March 15, 2023

Canopy Realtor® Association Market Updates Reprinted from February 2023 CRRA Monthly Indicators In its continued effort to curb inflation, the Federal Reserve raised its benchmark interest rate in February by a quarter-percentage point to 4.50% - 4.75%, its 8th rate hike since March of last year, when the interest rate was nearly zero. Mortgage interest rates have dipped slightly from their peak

IntroLend Monthly Mortgage Outlook | March 2023

By Thomas Baker, IntroLend Carolinas - March 13, 2023

Investors have begun coming to terms with what the Fed has been saying regarding the need for continued rate hikes into spring and summer. As a result, we’ve seen rates start to climb again. There is a growing sentiment that we will see a 50bp increase to the fed funds rate at their next meeting, up from a widely agreed upon 25bps previously. Further uncertainty grew with the collapse of Silico

IntroLend Monthly Mortgage Outlook | February 2023

By Thomas Baker, IntroLend Carolinas - February 13, 2023

The first meeting of the Federal Reserve in 2023 gave us a 0.25% hike of the Fed funds rate, which was widely expected by experts. Market sentiment leading up to that announcement indicated that investors believed inflation had peaked and the Fed would soften their stance on how high they believed rates needed to go before they decide to back off their hikes. Unfortunately, jobs data released thi

U.S. Housing Market Rebalancing in New Year

By Helen Adams Realty - February 10, 2023

Canopy Realtor® Association Market Updates Reprinted from January 2023 CRRA Monthly Indicators The U.S. housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed. Nationally, pending sales rose 2.5% month-to-month, marking the first increase since May, while sales of existing homes fell 1.5% as of last

2022 Year in Review & 2023 Forecast

By Helen Adams Realty - January 25, 2023

2022 was another year to remember for real estate in the Charlotte area. The year started much like the previous ended, with tight inventory that positioned sellers for success, low-interest rates that attracted profound buyer demand, multiple offers, and homes that spent very few days on market before going under contract. As interest rate increases became the focus toward the end of 2022, Charlo

Home Prices Continue to Soften Into New Year

By Helen Adams Realty - January 11, 2023

Canopy Realtor® Association Market Updates Reprinted from December 2022 CRRA Monthly Indicators 2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing home sales down month-over-month and falling 37

IntroLend Monthly Mortgage Outlook | January 2023

By Thomas Baker, IntroLend Carolinas - January 09, 2023

The end of 2022 provided slight relief from some of the worst predictions on interest rates. After a rocky fall that pushed rates over 7% temporarily, the December rate hike of 0.5% by the Federal Reserve was expected and inflation data showed minor moves in the right direction. The Fed has made clear they are not done raising interest rates, as inflation has proved stubbornly immune to their mone

Winter Brings Typical Housing Market Slowdown

By Helen Adams Realty - December 14, 2022

Winter Brings Typical Housing Market Slowdown Reprinted from November 2022 CRRA Monthly Indicators Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year. Buyers are delaying home purchases in hopes rates will drop, while many sellers are holding off on listing their homes due to weakening buyer demand

The U.S. Housing Market is Shifting

By Helen Adams Realty - November 14, 2022

The U.S. Housing Market is Shifting Reprinted from October 2022 CRRA Monthly Indicators Existing home sales declined nationwide for the eighth consecutive month, falling 1.5% as of last measure, according to the National Association of REALTORS® (NAR), with sales down nearly 24% from the same period last year. Pending home sales also declined, dropping 10.9% month-to-month, exceeding economists’

Supply of Homes for Sale Increased Relative to Demand

By Helen Adams Realty - October 07, 2022

Supply of Homes for Sale Increased Relative to Demand Reprinted from September 2022 CRRA Monthly Indicators The U.S. real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity. With inflation showing little sign of abating, the Federal Reserve implemented another 75-basis-point hike in Septem

Home Sales Continue to Soften this Month

By Helen Adams Realty - September 15, 2022

Home Sales Continue to Soften Reprinted from August 2022 CRRA Monthly Indicators Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the National Association of REALTORS® (NAR). Pending home

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Blog

Home Sales Rise in First Monthly Gain in a Year

Inventory of Homes Rises as Spring Market Approaches

IntroLend Monthly Mortgage Outlook | March 2023

IntroLend Monthly Mortgage Outlook | February 2023

U.S. Housing Market Rebalancing in New Year

2022 Year in Review & 2023 Forecast

Home Prices Continue to Soften Into New Year

IntroLend Monthly Mortgage Outlook | January 2023

Winter Brings Typical Housing Market Slowdown

The U.S. Housing Market is Shifting

Supply of Homes for Sale Increased Relative to Demand

Home Sales Continue to Soften this Month

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