High-interest rates have slowed inflation and cooled the housing market.
While prices have started to fall, the median home price still ↑ 13.4% yearly to $416K in June.
Many would-be homebuyers are being pushed into the highly competitive rental market, even as rents reach historic highs.The Fed also hopes to dampen inflation by encouraging homeowners to spend less money as their home's value declines.

A hot rental market amid US housing shortage

1. Be budget conscious.
As a buyer, it is always wise to decide on your budget and stick with it.
2. Finalize your finances.
Be certain you have your financing secured and preapproved prior to making an offer.

How should buyers prepare and maximize their potential in a shifting market?

Avg long-term US mortgage rates retreated.
The 30-yr rate ↓ to 5.3%, while the avg 15-yr fixed-rate mortgage ↓to 4.5%.
The Fed ↑ 75 pp its main borrowing rate, the second such increase in < 2-mo.
Consumer prices ↑ 9.1% yearly, the biggest yearly increase since 1981.

Average US long-term loan rates retreated

Average US long-term mortgage rates retreated

Mortgage rates don’t necessarily move in tandem with the Fed’s increases.Long-term mortgages tend to track the yield on the 10-yr Treasury note, which is influenced by a variety of factors.These factors include investors’ expectations for future inflation and global demand for US Treasuries.

Potential buyers must do the purchase as there are more options in the market!

Potential buyers must do the purchase as there are more options now in the market!

In June, housing starts ↓ 2% to 1.56M units. 
That was driven by ↓ 8.1% in single-family housing construction. 
With higher mortgage rates, US avg home price ↑ 11.2% yearly to > $430K.
Amid housing shortages in the US, an extended slowdown could raise prices even further.

A construction slowdown is adding to the US's housing shortages

Here are the different ways to calculate the market value of a property.
Comparable sales method
Look at the price/sq-ft for similar or comparable properties to get an apples-to-apples comparison.
Income method
It divides the net operating income (NOI) by its capitalisation rate.

How to calculate the market value of a property

Los precios de las viviendas suelen aumentar en verano.
Hay más millennials que encuentran atractiva la idea de ser propietario de una vivienda.
Pero todavía no hay suficientes viviendas en venta o alquiler.Además, los tipos de interés de las hipotecas ↑ desde el ~3% hasta mediados del 5%.

Todavía no hay suficientes hogares en América

Todavía no hay Suficientes Hogares en América

30-yr FMR WoW
Avg rate ↓ to 5.6%
↓ than the 52-week high of 6.1%
APR ↑ to 5.6%
At today’s rate, borrowers with a 30-yr FRM of $100K will pay $582/mo in principal and interest; the loan-life interest totals ~ $49K.
15-yr FMR WoW
Avg rate ↓ to 4.8%
↑ than the 52-week low of 4.6%
APR ↓ to 4.9%
A 15-yr FMR of $100K with today’s interest rate will cost $533/mo in principal and interest; the loan-life interest totals ~ $42K.

Current national loan rates July 28, 2022

Current national mortgage rates July 28, 2022

In a recent poll, 56% of Americans said “right now” is a great time to buy a home.
Within that, 47% say they plan to buy a home in 2023, with 74% saying it would be their first time buying a house.
Furthermore, 51% see homeownership as an investment opportunity, and 50% want to act before rates rise even further.

Most Americans think now is the time to purchase homes

Most Americans think now is the time to buy homes

Benton County Market Update

Home construction in June, MoM:
Single-family: ↓ 8.1%
Multi-family: ↑ 15%
Rising rents are creating an incentive to build more rental units, even in the face of rising financing costs.
Median rent nationally ↑ 14% yearly, and occupancy rates are at low levels.

Rising rents make rental construction a good investments in the US

Rising rents make rental construction a good investment in the US

Fayetteville Market Update

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A hot rental market amid US housing shortage

How should buyers prepare and maximize their potential in a shifting market?

Average US long-term mortgage rates retreated

Potential buyers must do the purchase as there are more options now in the market!

A construction slowdown is adding to the US's housing shortages

How to calculate the market value of a property

Todavía no hay Suficientes Hogares en América

Current national mortgage rates July 28, 2022

Most Americans think now is the time to buy homes

Benton County Market Update

Rising rents make rental construction a good investment in the US

Fayetteville Market Update

Localized Real Estate Videos to Win Leads using Arkansas real estate Social Media Content

Sign Up to Add Your Branding to Social Media-Ready Real Estate Videos

A hot rental market amid US housing shortage

How should buyers prepare and maximize their potential in a shifting market?

Average US long-term mortgage rates retreated

Potential buyers must do the purchase as there are more options now in the market!

A construction slowdown is adding to the US's housing shortages

How to calculate the market value of a property

Todavía no hay Suficientes Hogares en América

Current national mortgage rates July 28, 2022

Most Americans think now is the time to buy homes

Benton County Market Update

Rising rents make rental construction a good investment in the US

Fayetteville Market Update

Localized Real Estate Videos
to Win Leads using Arkansas real estate Social Media Content

Sign Up to Add Your Branding to Social Media-Ready
Real Estate Videos