Housing Market Updates - The McGrady Group

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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…

Dane County Market Snapshot, Inventory Low, End of 2023

The McGrady Group 2024

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…

Today’s Home Price Appreciation Is Great News for Existing Homeowners

For Sellers, Housing Market Updates, Move-Up Buyers, Pricing

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers…

How Homeownership Can Help Shield You from Inflation

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Pricing

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put…

Is It Enough To Offer Asking Price in Today’s Housing Market?

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they…

Why This Housing Market Is Not a Bubble Ready To Pop

For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less…

How To Approach Rising Mortgage Rates as a Buyer

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may…

On the Fence of Whether or Not To Move This Spring? Consider This.

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can…

Where Are Mortgage Rates Headed?

For Buyers, Housing Market Updates, Interest Rates

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast…

Using Your Tax Refund To Achieve Your Homeownership Goals This Year

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring…

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]

For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over…

The Future of Home Price Appreciation and What It Means for You

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market…