Is a Recession Here? Yes. Does that Mean a Housing Crash In Lake Arrowhead? No.
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”
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When mortgage rates climb, buying a home can start to feel like trying to hit a moving target.
You've probably heard the Federal Reserve (the Fed) is raising rates again. And if you're planning to buy or sell a house, you may be wondering what that means for you.
Higher mortgage rates don't just affect buyers. They can change what it takes to sell your house, too.
If you're trying to buy a home, affordability is probably what keeps you up at night. And as you watch mortgage rates tick up again lately, it’s fair to wonder if you should just hit pause and wait for them to go down.
Selling your house in Lake Arrowhead this fall is absolutely doable. But there’s something you need to know about this time of year.
Ask a couple people how the housing market is doing and you’ll probably get a couple different answers. That’s because right now, the market runs on 2 very different tracks, split by price point.
