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…
The Impact of Changing Mortgage Rates [INFOGRAPHIC]
For Buyers, Infographics, Interest RatesSome HighlightsIf you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power.These charts show how rates generally affect your monthly payment.The best way to navigate changing…
The Impact of Inflation on Mortgage Rates
Housing Market Updates, Interest RatesIf you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what…
A Recession Doesn’t Equal a Housing Crisis
Housing Market Updates, Interest Rates, PricingEverywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do…
Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]
First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, PricingSome HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options…
The Three Factors Affecting Home Affordability Today
First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, PricingThere’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability…
What Are the Experts Saying About the Spring Housing Market?
For Buyers, For Sellers, Housing Market Updates, Interest Rates, PricingThe housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage…
How Changing Mortgage Rates Can Affect You
Buying Myths, For Buyers, Interest RatesThe 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing…
What You Should Know About Rising Mortgage Rates
First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up BuyersAfter steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if…
The Two Big Issues the Housing Market’s Facing Right Now
For Buyers, For Sellers, Housing Market Updates, Interest RatesThe biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:“Two dynamics are keeping existing-home inventory historically…
The Top Reasons for Selling Your House
For Sellers, Interest Rates, Selling MythsMany of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the…