Madison’s Challenge: Escalating Prices & Sluggish Listings
Dane County Market Analysis, Housing Market Updates, Interest Rates, Market Updates, McGrady Group Blog, Pricing, Time-sensitive
Here at The McGrady Group, we love digging into the data to determine how national headlines apply to us in South Central Wisconsin. Our latest analysis delves into how Dane County’s robust employment but lackluster listing quantity influences…
Let’s Navigate the 2024 Dane County Market Together
Dane County Market Analysis, For Buyers, For Sellers, Housing Market Updates, Industry News, Interest Rates, Market Updates, Pricing
With a competitive 2024 market upon us, The McGrady Group is excited to help our clients balance rising home prices, dynamic interest rates, and low inventory levels. The housing market's current stability, driven by economic factors and population…
Is a Fixer Upper Right for You?
Affordability, Buying Tips, For BuyersLooking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive…
What To Expect from Mortgage Rates and Home Prices in 2025
Affordability, For Buyers, For Sellers, Home Prices, Mortgage RatesCurious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.Whether…
The Benefits of Using Your Equity To Make a Bigger Down Payment
Affordability, Equity, For Buyers, Home Prices, Mortgage RatesDid you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity…
The Top 3 Reasons Affordability Is Improving
Affordability, Home Prices, Infographics, Mortgage RatesSome HighlightsAffordability is based on three key factors: mortgage rates, home prices, and wages.And today, it’s improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too…
Buying Beats Renting in 22 Major U.S. Cities
Affordability, For Buyers, Home Prices, Inventory, Mortgage RatesThat’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have…
The Latest Builder Trend: Smaller, Less Expensive Homes
Affordability, For Buyers, New ConstructionEven though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these…
Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List
Affordability, Buying Tips, For Buyers, Mortgage RatesSince the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage. That’s when…
What Mortgage Rate Are You Waiting For?
Affordability, Mortgage RatesYou won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit…
The Great Wealth Transfer: A New Era of Opportunity
Affordability, EconomyIn recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.Historically, the transfer of wealth from one generation to the next was a more gradual process, often…
Is Affordability Starting To Improve?
Affordability, Economy, For Buyers, Home Prices, Mortgage RatesOver the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief…