1- Raleigh, NC
2- Columbia, MR
3- Tampa, FL
4- Chapel Hill, NC
5- Arlington, VA
6- Rockville, MR
7- Franklin, TN
8- Alexandria, VA
9- Marietta, GA
10- Bentonville, AR

The 10 best places to live in the south

The 10 Best Places To Live In The South

Texas, the country’s 2nd-most populous state, is a top relocation destination for people seeking an affordable cost of living.
The Texas housing market has been hot for a while, with home prices rising and inventory levels remaining low.

The state's strong economy, low unemployment, and population growth are driving factors for the strong housing market.
The market is becoming more competitive with multiple offers on many homes and a decrease in days on market.

Texas housing market expected to remain strong

Texas Housing Market Expected To Remain Strong

During late-Q4, US home sales ↓ 38% yearly and the number of homes for sale ↑ 69%.
Also, in Dec listings ↓ 25.2% MoM and ↓ 15.1% yearly.
The median home price of $385K ↑ 1.3% yearly, though ↓ 2.3% MoM.
All in, easing mortgage rates could boost homebuying demand.

How did the US housing market perform in late-Q4?

How Did The US Housing Market Perform In Late-Q4?

A rate lock guarantees an interest rate for a specified period, such as 30, 45, or 60 days.
Lenders may charge a fee for the rate lock or include the cost in the loan.
Fees vary based on:
Loan size
Loan term
Length of lock-in period
Once locked, rate won't change unless changes in application occurs.

Understanding how loan rate lock works

Understanding How Mortgage Rate Lock Works

The housing market will remain strong in 2023.
Developers are buying properties for less, which means they think the cost of houses will ↓.
Some markets are at a higher risk of a price correction in 2023.
The market is shifting towards a buyer's market, driven by rising mortgage rates.

2023 housing market: opportunities ahead

2023 Housing Market: Opportunities Ahead

After home financing costs nearly doubled in 2022, some relief is in sight for potential homebuyers in 2023.
The interest rate for a 30-yr fixed-rate mortgage in the US is expected ↓ to 5.25% by the end of this year.
That’s ~1.5 pps lower than the current rate, and ~2 pps lower than 2022′s peak rate of 7.12%.
Economists expect a slowing economy in 2023 as the Fed continues to increase interest rates which may trigger a recession.

Loan interest rates expected to drop in 2023

Mortgage Interest Rates Expected To Drop In 2023

US housing values continue to increase despite increases in borrowing rates.
Factors such as low unemployment, population growth, and limited housing inventory are contributing to the rise in home values.
Some experts predict that home price growth will slow down in the coming months as mortgage rates increase.
The Fed has indicated that they plan to keep interest rates low to support the economy, which could continue to drive up home prices.

US housing values continue to soar

US Housing Values Continue To Soar

The housing market is cooling as consumers grow weary of higher mortgage rates.

The number of newly-listed homes sold ↓ ~37% from a year ago.


Real Estate professionals are seeing a decline in consumer demand, more inventory, and fewer new listings.
Seller concessions are becoming more prevalent, with 42% of home sellers giving incentives in the last 3-mo of 2022.

It may be time to purchase a house, now

It May Be Time To Buy A Home, Now

The housing market is expected to slow down in 2023, with a decrease in demand for single-family homes.
This is due to an increase in interest rates and a decrease in housing affordability.
The market for multi-family and rental properties is expected to remain strong.

There may be a shift towards more urban areas as remote work becomes more prevalent.

What’s ahead for single-family market in 2023

What’s Ahead for Single-Family Market In 2023

There was a slight increase in mortgage demand in W1 2023, driven primarily by refinancing activity.
The refinancing index ↑ 5.1% WoW at that time.
However, the purchase index ↓ 0.5% WoW to the lowest level since 2014.
Homeowners are looking to take advantage of low interest rates to save money on their mortgages.

Increased refinancing boosts loan demand in 2023

Increased Refinancing Boosts Mortgage Demand In 2023

1. Mortgage Bankers Association:
2023: 30-yr FRM at 5.2%
2024 and 2025: 30-yr FRM at ~4.4%
2. Fannie Mae:
2023: 30-yr FRM at 6.3%
2024: 30-yr FRM at 5.6%
3. Freddie Mac:
2023: 30-yr FRM at 6.4%
4. Goldman Sachs:
2023: 30-yr FRM at 6.2%

loan rate forecasts from leading research firms

Mortgage Rate Forecasts From Leading Research Firms

After 6-wk of falling mortgage rates, interest rates ↑ again in early Dec after a slight increase the week before.
The 30-yr fixed-rate mortgage averaged ~6.5% in the week ending January 5, ↑ from ~6.4% the week prior.
Mortgage rates ↑ throughout most of 2022, spurred by the Fed’s campaign of harsh interest rate hikes to tame inflation.
But mortgage rates ↓ in Nov and Dec showed inflation may have finally reached its peak.

Loan rates start 2023 higher than a year ago

Mortgage Rates Start 2023 Higher Than A Year Ago

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Greater Toronto Monthly Update

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The 10 Best Places To Live In The South

Texas Housing Market Expected To Remain Strong

How Did The US Housing Market Perform In Late-Q4?

Understanding How Mortgage Rate Lock Works

2023 Housing Market: Opportunities Ahead

Mortgage Interest Rates Expected To Drop In 2023

US Housing Values Continue To Soar

It May Be Time To Buy A Home, Now

What’s Ahead for Single-Family Market In 2023

Increased Refinancing Boosts Mortgage Demand In 2023

Mortgage Rate Forecasts From Leading Research Firms

Mortgage Rates Start 2023 Higher Than A Year Ago

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

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The 10 Best Places To Live In The South

Texas Housing Market Expected To Remain Strong

How Did The US Housing Market Perform In Late-Q4?

Understanding How Mortgage Rate Lock Works

2023 Housing Market: Opportunities Ahead

Mortgage Interest Rates Expected To Drop In 2023

US Housing Values Continue To Soar

It May Be Time To Buy A Home, Now

What’s Ahead for Single-Family Market In 2023

Increased Refinancing Boosts Mortgage Demand In 2023

Mortgage Rate Forecasts From Leading Research Firms

Mortgage Rates Start 2023 Higher Than A Year Ago

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

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