Mike Cheesman - Realtor - Windermere Real Estate

Learn how to gauge the market and make smart buying and selling decisions.

Buying a Home in a Down Market A down market is when real estate sales are sluggish and prices fall. They're often called a "buyer's market," too. It could mean that interest rates are low, which could give you even more incentive to buy your dream home. However, it could also mean that if you already own a home, you're less incl...

Mortgage interest rates are now more than double what they were in early 2021.

Cities Where Homebuyers Are Most Impacted by Rising Interest Rates Mortgage interest rates are now more than double what they were in early 2021. As a result, rising home prices have started to slow down, but not by enough to offset the increased borrowing costs caused by higher rates. Home prices rose dramatically across the U.S. during the pandemic, and now, in s...

Pending home sales increased in December for the first time since May, the National Association of Realtors announced on Friday.

Sales rose 2.5% compared to November. “This recent low point in home sales activity is likely over,” said NAR Chief Economist Lawrence Yun. “Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”