The National Market:
Across most U.S. markets, we’re seeing steady conditions and modest appreciation. Zillow reports average home values up 0.3% year-to-date, while most forecasts place annual gains closer to 2%—a sign of balance, not boom or bust.

Inventory continues to rise gradually, while sales volumes remain …

The National Market:
Slow growth and flattening prices seem to dominate the real estate news stories today. Home price appreciation is still positive in many markets but at a slower pace. Zillow reported earlier that 2025 average U.S. home values are rising at a pace of 0.1%. …

The National Market:
Fannie Mae projects that mortgage interest rates will decline gradually over the next several months and continue trending downward through the end of 2026.

While the Federal Reserve is widely expected to cut short-term interest rates next week, those …

The National Market:
According to NAR economists, a drop in mortgage rates to 6% would make homeownership attainable for roughly 5.5 million additional households. Many analysts expect the Federal Reserve to cut the Fed Funds rate four to six times over the next 12–18 months, a move that …

The National Market:
The spending bill that passed both the House and Senate last week delivered several significant wins for real estate. Notably: 1) a temporary (five-year) quadrupling of the state and local tax (SALT) deduction cap; 2) protection for business SALT deductions and 1031 …

The National Market:
The total value of homes for sale across the U.S. has surged to an unprecedented $700 billion—an all-time high. Despite the surge in inventory, millions of prospective buyers remain on the sidelines, mostly constrained by the usual suspects, specifically, high mortgage interest rates, escalating property …

The National Market:
The old journalism adage—“If it bleeds, it leads”—may help explain why 70% of Americans fear a housing crash in 2025, according to a recent survey. Yet, year after year, doom-and-gloom predictions rarely materialize. Like a stopped clock, the pessimists occasionally get it right—just …

The National Market:
For now, the general consensus for 2025 suggests mortgage interest rates will hover in the 6-6.5% range, with annual real estate appreciation projected at 3-4%. However, these forecasts remain subject to change as new economic data emerges. In resort markets like ours, consumer confidence plays …

Attached is our February 2025 Monthly Newsletter. While high mortgage interest rates persist, indicators are that the spring season will see significant improvement in buyer activity. Competitively priced homes and condos in our market continue to sell within 95-120 days, which is historically considered very reasonable.

As always, please …

The National Market:

Mortgage interest rate levels continue to hamper real estate sales. Last week’s 10-year Note Auction did not provide any relief, but the subsequent 30-year Bond Auction performed better. It’s a mixed bag. Mortgage interest rates are still expected to decline over …