January ushered in good news for home buyers. The 4th quarter economic growth boosting the GDP by 3.3% kept inflation moderate while the Fed’s stabilization of interest rates brought buyers who were “on the fence” in 2023 back into the market. This was evidenced by a report from the Mortgage Bankers Association which revealed an increase in loan ap...
Some economists have called 2023 "The Year the Housing Market Froze." Higher home prices combined with elevated interest rates led to fewer existing homes going on the market, fewer buyers, and thus fewer total home sales. While single-digit temperatures have ushered in the New Year in Northeast Indiana, the local housing market is definitely not f...
