Blog Home » NEWS & INFORMATION » 3 Graphs that Show What You Need to Know About Today’s Real Estate Market!!

3 Graphs that Show What You Need to Know About Today’s Real Estate Market!!

Posted to NEWS & INFORMATION

3 Graphs that Show What You Need to

Know About Today’s Real Estate Market

The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices!

The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates.

Interest Rates:

“A powerful combination of lower mortgage rates, more inventory, rising incomeand higher consumer confidence is driving the sales rebound.”
– Lawrence Yun, Chief Economist at NAR

Income:

“A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.”
– Lawrence Yun, Chief Economist at NAR

Home Prices:

“Price growth has been too strong for several years, fueled in part by abnormally low interest rates. A mild deceleration in home sales and Home Price Index growth is actually healthy, because it will calm excessive price growth — which has pushed many markets, particularly in the West, into overvalued territory.”
– Ralph DeFranco, Global Chief Economist at Arch Capital Services Inc.

Bottom Line

These three graphs indicate good news for the spring housing market! Interest rates are low, income is rising, and home prices have experienced mild deceleration over the last 9 months. If you are considering buying a home or selling your house, let’s get together to chat about our market!

Nivaldo Soria, P.A.

Claudia Serpa, P.A.

Realtors®
C: (305)219-8343
E: nivaldosr@southfloridainvestments.com
W: www.southfloridainvestments.com

3 Graphs that Show What You Need to Know About Today’s Real Estate Market!!

CONTACT