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Posts tagged Housing

what Buyer Activity Tells Us About the Housing Market

The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it’s normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage rates.

2022 Home Buying, 2023 Home Buying, 2023 Housing Market, Buyers, First Time Buyers, Home Appreciation, Home BuyingLyn TrayteMarch 19, 2023Housing, Phoenix Housing Market, BuyersComment

Key Factors Affecting Home Affordability Today

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.