by Corey Toushin | Jan 30, 2017 | Market Update
2016 was a very interesting year for real estate. We had an interesting election, record low interest rates, and a significant drop in the number of new homes listed for sale. In fact, our inventory levels dropped 30% from 2015 to 2016. Why did inventory drop so much?...
by Corey Toushin | Jul 22, 2016 | Market Update
Where have interest rates gone from the beginning of the year? On January 1st, they were floating at just below 4% for a 30-year fixed mortgage. Now, as of one week ago, they’re averaging just under 3.5%. If we take a scenario like a $300,000 mortgage and try to...
by Corey Toushin | Jun 10, 2016 | Market Update
My clients ask me all the time, “Is it a buyer’s or seller’s market?” Well, it really depends on the price segment. Generally, we are in a seller’s market right now. We judge that by the number of homes available for sale versus the number of buyers interested in...
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