Charles 'Chuck' Fowler Real Estate Associate Broker

07/11/2023

WASHINGTON—Pending home sales shrunk 2.7% in May from the previous month, the National Association of Realtors reported recently. Three U.S. regions posted monthly losses, while sales in the Northeast surged. All four regions saw year-over-year declines in transactions.

03/23/2023

https://www.nar.realtor/magazine/real-estate-news/home-prices-end-a-decade-of-surges-as-sales-rebound?narmail=MembersEdge&date=03-23-2023&user=4119198

Prices fell in February for the first time in 131 months, which could bring more buyers to the market just in time for spring, according to NAR’s latest housing report.

02/02/2023

https://www.realestateindepth.com/web-exclusive/gov-hochul-unveils-ambitious-housing-plan-to-build-800000-new-units-in-the-next-decade/

02/02/2023

https://www.realestateindepth.com/viewpoints/guest-viewpoint-why-are-rates-rising-and-is-there-some-light-at-the-end-of-the-tunnel/

02/02/2023

https://www.realestateindepth.com/news/nyc-hudson-valley-housing-markets-continue-to-post-low-sales-inventory-higher-prices/

In 2022, high inflation and the Federal Reserve’s actions of hiking interest rates to tamp down the inflation rate that reached a peak of 9.1% in June have taken their toll on buyer demand.

01/06/2023

https://www.realestateindepth.com/news/report-mixed-results-for-luxury-home-sales-in-2022-for-markets-north-of-nyc/

According to the report, Westchester (unit sales $2 million and higher) showed a slight uptick in closed sales in 2022, making it the only area north of New York City to exceed 2021 sales. Westchester performed solidly in the lower end of the market (below $5 million) and sales in the higher end dip...

01/06/2023

https://www.realestateindepth.com/news/mortgage-bankers-see-unsettled-markets-dissipating-in-2023/

The survey, which polled the leaders of the top commercial and multifamily mortgage finance firms for their outlook for the year ahead, was released on Jan. 5.

12/15/2022

https://www.realestateindepth.com/news/nar-predicts-nearly-7-decline-in-home-sales-stable-prices-in-2023/

Yun, forecasts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond. Yun unveiled the association's forecast on Tuesday during NAR's fourth annual year-end virtual Real Estate Forecast Summit.

12/10/2022

https://www.realestateindepth.com/news/realtor-com-housing-forecast-homebuying-costs-arent-coming-down-in-2023/

Instead, with the housing market beginning a gradual adjustment that could last through 2025, what next year will offer buyers is less competition for a growing number of for-sale homes.

11/25/2022

Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—decreased 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October. Year-over-year, sales dropped by 28.4% (down from 6.19 million in October 2021).

09/21/2022

https://www.realestateindepth.com/news/nar-u-s-existing-home-sales-slipped-0-4-in-august-northeast-home-sales-grew-1-6/

Existing-home sales in the Northeast grew 1.6% from July to an annual rate of 630,000 in August, down 13.7% from August 2021. The median price in the Northeast was $413,200, an increase of 1.5% from the previous year.

02/17/2022

In some cases, buyers are so desperate to purchase a home that they’re actually waiving home inspection contingencies or even the entire inspection itself. “This is merely an act of good faith that the buyer really wants the home, but I would never encourage anyone to waive an inspection,” sai...