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…
Does It Make Sense To Buy a Home Right Now?
First Time Home Buyers, For Buyers, PricingThinking about buying a home? If so, you're probably wondering: should I buy now or wait? Nobody can make that decision for you, but here's some information that can help you decide.What’s Next for Home Prices?Each quarter, Fannie Mae and…
Why We Aren’t Headed for a Housing Crash
Housing Market Updates, Interest Rates, PricingIf you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep…
Expert Home Price Forecasts for 2024 Revised Up
Housing Market Updates, PricingOver the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.So, let’s see exactly how experts’ thinking has shifted…
Don’t Let the Latest Home Price Headlines Confuse You
Housing Market Updates, PricingBased on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture.If you look at the national data for 2023, home prices actually showed…
Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, PricingSome HighlightsHome affordability depends on three factors: mortgage rates, home prices, and wages.Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.That’s…
Experts Project Home Prices Will Increase in 2024
First Time Home Buyers, For Buyers, Housing Market Updates, PricingEven though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means…
3 Key Factors Affecting Home Affordability
Buying Myths, For Buyers, Move-Up Buyers, PricingOver the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak…
Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]
Buying Myths, For Buyers, Housing Market Updates, Infographics, Pricing, Rent vs. BuySome HighlightsIf you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.Based on that forecast, if you bought a $400,000 house this year, experts say…