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…
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…
Buy Now, or Wait?
Buying Tips, For Buyers, Infographics, Mortgage RatesSome HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you…
Lower Mortgage Rates Boost Your Buying Power
For Buyers, Infographics, Mortgage RatesSome HighlightsMortgage rates are trending down and that’s great news for your bottom line.As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power.If…
Falling Mortgage Rates Are Bringing Buyers Back
For Sellers, Mortgage Rates, Selling TipsIf you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates…
Mortgage Rates Drop to Lowest Level in over a Year and a Half
For Buyers, For Sellers, Mortgage RatesMortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.Even a small decline in rates could help you get a better monthly payment…
The Best Time To Buy a Home This Year
Buying Tips, For Buyers, Inventory, Mortgage RatesA shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy…
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…
How the Federal Reserve’s Next Move Could Impact the Housing Market
Agent Value, Mortgage RatesNow that it’s September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling, and the…
2025 Housing Market Forecasts: What To Expect
For Buyers, For Sellers, Forecasts, Home Prices, Mortgage RatesLooking ahead to 2025, it's important to know what experts are projecting for the housing market. And whether you're thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best…
What’s the Impact of Presidential Elections on the Housing Market?
Economy, For Buyers, For Sellers, Home Prices, Inventory, Mortgage RatesIt’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering…