In case you haven’t notices, grocery prices have steadily rising over the past several thanks to inflation.  In fact, today’s graphic from the Visual Capitalist says American households are paying an average of about $270 per week.  And, if you’ve ever seen a commercial where they say prices may be higher in Alaska or Hawaii, they have extra shipping costs factored in…they both have average bills north of $300.  As awlays, stay safe and have a Happy Friday!!!

Read More...

  A recent report from the NAHB’s Eye on Housing says state & local tax revenue from property taxes reached $203.9 billion in Q3 2024, based on data form the U.S. Census Bureau.  They say this marks a 2.8% increase from the second quarter of 2024 and is the first quarter w
Read More...

   The U.S. government is reporting that privately‐owned housing starts in November, 2024 were at a seasonally adjusted annual rate of 1,289,000, which is 1.8% lower than October’s revised number and is 14.6% lower than one year ago.&nb
Read More...

  The National Association of Realtors is reporting that existing home sales were up 4.8% in November to a seasonally-adjusted annual rate of 4,15 million – up 6.1% year over year and the largest year-over-year gain since June 2021.  Total housing inventory at the end o
Read More...

  A new report from the NAHB’s Eye on Housing shows that house prices posted modest annual growth for Q3, 2024
Read More...

  Last week’s infographic illustrated  Read More...

As the 2025 predictions roll in, the researchers at Realtor.com says mortgage rates will continue to average above 6% and home prices will keep rising. In addition they say the supply of homes for sale will continue to improve as well as new-home construction.

“This past year brought us a surprising upward trend in home price growth despite the persistence of high mortgage rates and rising inventory,” Realtor.com economists wrote. “Mortgage rates are expected to keep mortgage payments essentially unchanged in 2025 despite continued home price growth."

 

 

Read More...

Read More...

Read More...