04/25/2022: Interest rates, house prices and more
The rise in interest rates have been the talk been the talk of the town. While interest rates are one side of the puzzle, house prices are defined by how affordable it is to purchase a home for the average person buying said home, and we have not seen much talk about it in that context.
Since there was no public level data analysis on this that we could find, we created an analysis of how interest rates interplay with home prices, and ultimately buyer affordability.
04/09/2022: Choppy Markets, Buyers Beware (click for more details)
Summary of article: For those looking to invest currently, it's choppy waters right now due to rapid interest rate, all monthly payments are close to 20% higher than 2 months ago. As a result, speculative activity is getting curtailed, some types of homes are not getting over bid, and sellers are getting spooked with builders listing half built homes to take advantage of peak prices. Demand is still strong, but affordability is severely hit and it will take a couple of months for the ship to steady.