Bonita Baker, Real Estate Consultant

05/09/2023

While the survey of lenders took place before the Fed’s interest rate increase, lenders likely priced loans with that expectation. Last week’s average rate was 6.43%.

11/14/2022

NAR Chief Economist Lawrence Yun expects there to be a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%.

11/14/2022

True statement

10/22/2022

First-time buyers were responsible for 29% of sales in August; Individual investors purchased 15% of homes; All-cash sales accounted for 22% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 19 days.

09/21/2022