GREENWAY BLOG

30 January 2024

The Housing Market: A Year-End Recap and Insights into 2024 Trends

  Is the tide turning for the housing market?  If 2023 saw homebuyers and sellers mostly treading water against waves of rising interest rates, 2024 has them preparing to swim into calmer waters. What happened? Inventory rose but was still low. After stalling in the first quarter of 2023, the inventory of homes for sale continued an upward trajectory. November's inventory was about two-thirds of November 2019's level. Rates climbed to multi-decade highs. Pressured by Fed policy rate hikes and high inflation, mortgage rates continued their ascent. They reached their highest point in October. Price...

READ MORE

26 January 2024

MarketMinute | New home sales are up and new mortgage payments are down

The economy grew faster than expected in the 4th quarter, fueled by strong consumer spending and defying predictions of a recession in 2023.  Initial jobless claims rose 25K last week to 214K. Although that is the highest level in a month, it still signals a strong labor market. Orders for durable goods, or products made to last at least 3 years, were unchanged in December. Economists had expected a slight increase. New home sales surged 8% in December and were up 4% in 2023, even as higher...

READ MORE

23 January 2024

Your Step-By-Step Roadmap To Mortgage Pre-Approval

  Getting Started On Your Home Buying Journey Getting a home loan may feel like an epic journey at times, but with the right guidance it can be easily conquered. Before you begin, reach out to a Greenway Loan Officer to discuss your financial situation so we can work on a plan to get you into the home of your dreams. Feel free to click below and receive your complimentary Mortgage Pre-Approval Roadmap Brochure . It includes tools to help you monitor your monthly budget as well! Succeed with a Mortgage Pre-Approval After speaking with a Greenway Loan Officer, we’ll be able to assess your financials and determine the size of the...

READ MORE

19 January 2024

MarketMinute | How are recent rate drops affecting builders and buyers?

Retail sales rose at the strongest pace in 3 months in December, topping expectations for holiday shopping and signaling a resilient economy.  The Fed’s latest Beige Book snapshot of the economy reported little or no change in economic activity for December through early January. The labor market continues to show resiliency. Last week's jobless claims posted an unexpected drop to the lowest levels since September 2022. Homebuilder sentiment improved for the 2nd straight month in...

READ MORE

16 January 2024

Leverage Your Home’s Equity for A Brighter 2024!

  In the ever-evolving landscape of personal finance, leveraging your assets to secure a brighter future has become a prevailing theme. If you're still grappling with high-interest debts from last year or envisioning major life changes, your home's equity could be the key to unlocking newfound financial freedom. Let's explore how tapping into your home's equity can jumpstart your journey to regain control and turn your dreams into reality. #1: High-Interest Debt is SO Last Year! High-interest debts can weigh heavily on your financial well-being, limiting your options for growth. However, your home's equity presents a unique opportunity to...

READ MORE