Darren Ahearn
Darren Ahearn
240-317-2722240-317-2722

3 Graphs that Show What You Need to Know About Today’s Real Estate Market – KCM Article

3 Graphs that Show What You Need to Know About Today’s Real Estate Market

3 Graphs that Show What You Need to Know About Today's Real Estate Market | MyKCM

The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices!

The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates.

Interest Rates:

“The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most important drivers of home sales. Rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.” – Sam Khater, Chief Economist at Freddie Mac

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Income:

“A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.” – Lawrence Yun, Chief Economist at NAR

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Home Prices:

“Price growth has been too strong for several years, fueled in part by abnormally low interest rates. A mild deceleration in home sales and Home Price Index growth is actually healthy, because it will calm excessive price growth — which has pushed many markets, particularly in the West, into overvalued territory.” – Ralph DeFranco, Global Chief Economist at Arch Capital Services Inc.

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Bottom Line

These three graphs indicate good news for the spring housing market! Interest rates are low, income is rising, and home prices have experienced mild deceleration over the last 9 months. If you are considering buying a home or selling your house, let’s get together to chat about our market!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About Darren Ahearn

Picture of Darren Ahearn

Darren Ahearn

darrenahearn@gmail.com

7210 Corporate Court Suite B, Frederick, MD 21703

240-317-2722240-317-2722 main

240 344 1713240 344 1713 office

240 344 1713240 344 1713 mobile

RE/MAX Results

7210 Corporate Ct. Suite B Frederick, MD. 21703

It’s not about the home, It’s about serving you!

Community Events

Baker Park Walk

Frederick Walkers

Meet outside William Talley Recreation Center (West side) in Baker Park. We walk to the northwest end of the park (Schifferstadt House) and back - a little over two miles.(https://www.cityoffrederick.com/DocumentCenter/Home/View/1740)On the first...

NETWORKING Meeting - FREIC Monthly Meeting on the 3rd Tuesday

Frederick Real Estate Investors Connect

Doors open at 6:00 for early arrivals and networking. All meetings start at 7:00 and end at 9:00.

Tuesday Evening Mindfulness Meditation for Anxiety & Stress

Frederick Meditation Center

Explore the Biology & Psychology that Makes Us Tick. Come learn something about yourself every Tuesday night.Although mindfulness is an ancient tradition, modern medicine is proving its timeless ability to heal. When the research on mindfulness...

Facebook Feed