The "Mortgage Lock" Effect: A Closer Look at The Inland Empire's Real Estate LandscapeOver the last few years, we've seen a significant shift in mortgage rates. From an all-time low of 2.65% for 30-year fixed mortgages in January 2021, rates have more than doubled to an average of 7% as of summer 2023. This abrupt shift has introduced new challenges for homeowners across the nation.The Emergence of...
Amid economic volatility and speculation, the housing market has remained remarkably resilient. Despite earlier concerns and sensational headlines predicting a collapse in 2023, the reality is far from the painted doomsday scenarios. Among other reports, here are some examples of what we saw in some publications:During the fourth quarter of last year, many housing experts predicted home prices were going...