Why Aren’t Home Prices Falling as Inventory Rises?

A blue and white image of some houses

Kevin Brierton – 2.4.2024 2024 is shaping up to be a year of solid home appreciation following the numbers that are coming in from last year. Recent reports from CoreLogic and Redfin confirm that home prices rose in 2023 despite rough homebuying conditions. Not only that, but the 2023 numbers eclipsed the ones we saw…

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The Dramatic Impact of Homeownership on Net Worth

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Kevin Brierton – 1.11.2024 If you’re trying to decide whether to rent or buy a home this year, here’s a powerful insight that could give you the clarity and confidence you need to make your decision. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares the net worth of homeowners and renters. The latest report…

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Are Higher Mortgage Rates Here To Stay?

A wooden block with a red question mark and a percent sign.

Kevin Brierton – 10.16.2023 Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below):   That can feel like a little bit of a gut punch…

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Why Median Home Sales Price Is Confusing Right Now

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Kevin Brierton – 8.21.2023 The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially…

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Why the Median Home Price Is Meaningless in Today’s Market

A small house sitting on top of a wooden table.

Kevin Brierton – 6.20.2023 The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing,…

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What You Need To Know About Home Price News

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Kevin Brierton – 5.17.2023 The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices…

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Why Buying a Home Makes More Sense Than Renting Today

Three women sitting on steps outside a house.

Kevin Brierton – 5.1.2023 Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. …

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