April 12, 2025 - 19:20
Recent data indicates that homes across the United States are taking longer to sell, with a median of 56 days to find buyers. This marks an increase of one week compared to last year and represents the longest wait since January 2020. The trend reflects a shift in the housing market, as rising interest rates and economic uncertainties are causing potential buyers to be more cautious.
Despite the extended selling times, certain cities continue to show resilience, with homes selling faster than the national average. In these markets, demand remains strong, driven by factors such as job growth and desirable living conditions. However, the overall slowdown in the housing market suggests that buyers are taking their time to make decisions, leading to a more balanced environment between buyers and sellers.
As the landscape evolves, it will be interesting to see how these trends impact home prices and buyer behavior in the coming months. The current situation highlights the importance of adaptability for both buyers and sellers navigating this changing market.
September 15, 2025 - 04:33
Mortgage Rates Update: September 14, 2025 – Small Increase in Purchase Rates, Decline in Refinance RatesAs of September 14, 2025, mortgage rates have shown a mixed but generally optimistic trend. The average 30-year fixed mortgage rate stands at 6.54%, slightly higher than last week`s 6.50%,...
September 14, 2025 - 02:22
Explore Your Dream Home: Open House Events This SundayThe Michael Houck Real Estate Team is excited to announce a series of four open house events taking place this Sunday. This is a fantastic opportunity for homebuyers to explore a variety of...
September 13, 2025 - 01:46
Northgate Industrial Park Recognized Among Top Real Estate Developments of 2025Northgate Industrial Park has been celebrated as a standout project for 2025, earning accolades from the Sacramento Business Journal for its innovative design and significant economic impact. This...
September 12, 2025 - 19:57
Year-End Deals: Unlocking Benefits for Fall Home BuyersAs the year winds down, fall home buyers have a unique opportunity to take advantage of significant benefits by closing on a property before December 31. One of the most compelling reasons to...