[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2hny8i79z36tg":3,"$ffeh0925h8cuz":55,"$f2emv3tus0uf1":59,"$fbwk2pqjjqsc7":63},{"item":4,"previous":43,"next":49},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":41,"updatedAt":42},1186,"2-factors-to-watch-in-todays-real-estate-market-whether-buying-or-selling","2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling","When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with \u003Cstrong>interest rates & inventory.\u003C\u002Fstrong>","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F01155056\u002F2018100-Share-STM.jpg","When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with \u003Cstrong>interest rates & inventory.\u003C\u002Fstrong>\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Interest Rates\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMortgage interest rates have been on the rise and are now over three-quarters of a percentage point higher than they were at the beginning of the year. According to \u003Cem>Freddie Mac’s \u003C\u002Fem>latest\u003Cem> \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\">Primary Mortgage Market Survey\u003C\u002Fa>\u003C\u002Fem>, rates climbed to 4.72% for a 30-year fixed rate mortgage last week.\r\n\r\nThe interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your \u003Cstrong>purchasing power\u003C\u002Fstrong>.\r\n\r\nPurchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates \u003Cstrong>increase\u003C\u002Fstrong>, the price of the house you can afford to buy will \u003Cstrong>decrease\u003C\u002Fstrong> if you plan to stay within a certain monthly housing budget.\r\n\r\nThe chart below shows the impact that rising interest rates would have if you planned to purchase a $400,000 home while keeping your principal and interest payments between $2,020-$2,050 a month.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F2018100-STM-ENG1.jpeg\">\u003Cimg class=\"alignnone wp-image-38211\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F2018100-STM-ENG1.jpeg\" alt=\"2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nWith each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2018\u002F09\u002F25\u002Fwhere-are-mortgage-interest-rates-headed-in-2019\u002F\">predict\u003C\u002Fa> that mortgage rates will be over 5% by this time next year.\r\n\u003Ch4>\u003Cstrong>Inventory\u003C\u002Fstrong>\u003C\u002Fh4>\r\nA ‘normal’ real estate market requires there to be a 6-month supply of homes for sale in order for prices to increase only with inflation. According to the\u003Cem> National Association of Realtors\u003C\u002Fem> (NAR), listing inventory is currently at a 4.3-month supply (still well below the 6-months needed), which has put upward pressure on home prices. Home prices have increased year-over-year for the last 78 straight months.\r\n\r\nThe inventory of homes for sale in the real estate market had been on a steady decline and experienced year-over-year drops for 36 straight months (from July 2015 to May 2018), but we are starting to see a shift in inventory over the last three months.\r\n\r\nThe chart below shows the change in housing supply over the last 12 months compared to the previous 12 months. As you can see, in June, July, and August, inventory levels have started to increase as compared to the same time last year.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F2018100-STM-ENG2.jpeg\">\u003Cimg class=\"alignnone wp-image-38212\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F2018100-STM-ENG2.jpeg\" alt=\"2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nThis is a trend to watch as we move further into the fall and winter months. If we continue to see an increase in homes for sale, we could start moving further away from a seller’s market and closer to a normal market.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are planning to enter the housing market, either as a buyer or a seller, let’s get together to discuss the changes in mortgage interest rates and inventory and what they could mean for you.","\r\nIf you are planning to enter the housing market, either as a buyer or a seller, let’s get together to discuss the changes in mortgage interest rates and inventory and what they could mean for you.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F2018100-STM-ENG1.jpeg",false,[17,21,25,29,33,37],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},11,"First-Time Buyers","first-time-buyers",{"id":34,"name":35,"slug":36},35,"Mortgage Rates","mortgage-rates",{"id":38,"name":39,"slug":40},38,"Move-Up","move-up","2018-10-03T10:00:12Z","2018-10-01T17:05:52Z",{"id":44,"slug":45,"title":46,"featuredImage":47,"publishedAt":48,"contentType":10,"isVideo":15},1185,"mortgage-interest-rates-are-still-going-up-should-you-wait-to-buy","Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F09\u002F27154305\u002F20181002-Share-STM.jpg","2018-10-02T10:00:47Z",{"id":50,"slug":51,"title":52,"featuredImage":53,"publishedAt":54,"contentType":10,"isVideo":15},1187,"are-we-about-to-enter-a-buyers-market","Are We About to Enter a Buyers’ Market?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F01165035\u002F20181004-Share-STM.jpg","2018-10-04T10:00:32Z",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":60,"open":61,"shareSpread":62},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[64,68,69,70,74,78,79,80,84,85,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154,158,162],{"id":65,"name":66,"slug":67},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},7,"Foreclosures","foreclosures",{"id":75,"name":76,"slug":77},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":81,"name":82,"slug":83},34,"Senior Market","senior-market",{"id":34,"name":35,"slug":36},{"id":38,"name":39,"slug":40},{"id":87,"name":88,"slug":89},41,"For Sale by Owner","for-sale-by-owner",{"id":91,"name":92,"slug":93},42,"Featured","featured",{"id":95,"name":96,"slug":97},45,"New Construction","new-construction",{"id":99,"name":100,"slug":101},52,"Luxury \u002F Vacation","luxury--vacation",{"id":103,"name":104,"slug":105},53,"Rent vs. Buy","rent-vs-buy",{"id":107,"name":108,"slug":109},80,"Time-sensitive","time-sensitive",{"id":111,"name":112,"slug":113},81,"Outdated","outdated",{"id":115,"name":116,"slug":117},147,"Internal","internal",{"id":119,"name":120,"slug":121},148,"Do Not Autopost","do-not-autopost",{"id":123,"name":124,"slug":125},320,"Inventory","inventory",{"id":127,"name":128,"slug":129},321,"Agent Value","agent-value",{"id":131,"name":132,"slug":133},322,"Affordability","affordability",{"id":135,"name":136,"slug":137},323,"Buying Tips","buying-tips",{"id":139,"name":140,"slug":141},324,"Downsize","downsize",{"id":143,"name":144,"slug":145},325,"Economy","economy",{"id":147,"name":148,"slug":149},326,"Equity","equity",{"id":151,"name":152,"slug":153},327,"Forecasts","forecasts",{"id":155,"name":156,"slug":157},328,"Selling Tips","selling-tips",{"id":159,"name":160,"slug":161},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":163,"name":164,"slug":165},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]