Still, many housing market experts now expect mortgage rates to stay higher for longer. Lisa Sturtevant, chief economist of Bright MLS, said she still expects rates to come down from current levels, but thinks theyll be volatile and could stay above 6% for all of next year.
Date: Nov 07, 2024
Category: Business
Source: Google
DC’s priciest homes sell the fastest — and where starter homes cost more than $1M in Maryland and Virginia
thern Virginia and Montgomery County. Thats really a testament to the fact that demand for homes in these close-in suburbs has been so strong that the prices of homes in those neighborhoods have really been driven up in the last few years, said Lisa Sturtevant, chief economist at Bright MLS.
Date: Aug 05, 2024
Category: Technology
Source: Google
Housing prices hit another record high as affordability crisis deepens
"Elevated mortgage rates and high home prices have been keeping some buyers on the sidelines this spring," said Lisa Sturtevant, Bright MLS chief economist. "First-time homebuyers are having the hardest time."
Date: May 24, 2024
Category: Business
Source: Google
2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers
Prospective homebuyers have been shut out of the market by a lack of inventory, said Lisa Sturtevant, chief economist at Bright MLS. If there had been more listings on the market in 2023, we would have had more home sales.
Date: Jan 19, 2024
Category: Business
Source: Google
December inflation breakdown: Where are prices still rising the fastest?
"Housing continues to play an outsized role in keeping inflation above the Feds target," said Lisa Sturtevant, Bright MLS chief economist. "Shelter inflation has come down over the past few months, but in December, the shelter index was still up 6.2% year-over-year."
Date: Jan 11, 2024
Category: Business
Source: Google
Stocks open little changed as countdown to the jobs report begins: Stock market news today
At the beginning of the year, it was widely expected that mortgage rates would fall to around 6% by the end of 2023. However, now the question is whether rates will hit 8% this year, Lisa Sturtevant, chief economist atBright MLS, a real estate data provider, said in an emailed statement. The gap
The Feds goal of 2 percent inflation means the bank probably will resume rate increases, says Lisa Sturtevant, chief economist at Bright MLS, a large multiple listing service in the Middle Atlantic region.
The challenge of affordable housing and access to housing opportunities is not unique to Charlottesville, said Lisa Sturtevant, a senior visiting fellow at ULI. We know from research and everyday experience that access to stable and affordable housing is crucial for the wellbeing of indivi