Doug Sidell Real Estate Agent

Doug Sidell

NC/SC REALTOR® and Accredited Land Consultant, ALC
License# 266235 / 79741
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704. 794. 8740

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IntroLend Monthly Mortgage Outlook | May 2023

By Thomas Baker, IntroLend Carolinas - May 15, 2023
For the most part, mortgage rates are holding steady after the Fed’s quarter point hike this month. There is a sentiment that we may have reached the peak for rates, but the Fed has made it clear that they will continue to monitor inflation and adjust accordingly if things don’t improve in that department. We may be nearing the light at the end of the tunnel, but we also should not be surprised if
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Strong Competition Continues as Inventory Stays Low

By Helen Adams Realty - May 12, 2023
Canopy Realtor® Association Market Updates Reprinted from April 2023 CRRA Monthly Indicators U.S. existing-home sales declined 2.4 percent month-over-month as of last measure, according to the National Association of REALTORS® (NAR), reversing February’s sales gain of 14.5%. Fluctuations in mortgage interest rates have caused buyers to pull back, with pending sales dropping 5.2% month-over-month
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IntroLend Monthly Mortgage Outlook | April 2023

By Thomas Baker, IntroLend Carolinas - April 13, 2023
As of the release of CPI inflation data on April 12th, inflation has fallen to its lowest level since May 2021. These numbers came in just below predictions showing that consumer prices rose 5% since March of this year, which is down from 6% in February, but still a long way off from the Fed’s goal of 2%. The inflation data released notably excludes the volatile costs of food and fuel but does sho
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Home Sales Rise in First Monthly Gain in a Year

By Helen Adams Realty - April 12, 2023
Canopy Realtor® Association Market Updates Reprinted from March 2023 CRRA Monthly Indicators Nationally, existing home sales jumped 14.5% month-over-month as of last measure, the first monthly gain in 12 months, and representing the largest monthly increase since July 2020, according to the National Association of REALTORS® (NAR). The sudden uptick in sales activity stems from contracts signed t
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Inventory of Homes Rises as Spring Market Approaches

By Helen Adams Realty - March 15, 2023
Canopy Realtor® Association Market Updates Reprinted from February 2023 CRRA Monthly Indicators In its continued effort to curb inflation, the Federal Reserve raised its benchmark interest rate in February by a quarter-percentage point to 4.50% - 4.75%, its 8th rate hike since March of last year, when the interest rate was nearly zero. Mortgage interest rates have dipped slightly from their peak
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IntroLend Monthly Mortgage Outlook | March 2023

By Thomas Baker, IntroLend Carolinas - March 13, 2023
Investors have begun coming to terms with what the Fed has been saying regarding the need for continued rate hikes into spring and summer. As a result, we’ve seen rates start to climb again. There is a growing sentiment that we will see a 50bp increase to the fed funds rate at their next meeting, up from a widely agreed upon 25bps previously. Further uncertainty grew with the collapse of Silico
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IntroLend Monthly Mortgage Outlook | February 2023

By Thomas Baker, IntroLend Carolinas - February 13, 2023
The first meeting of the Federal Reserve in 2023 gave us a 0.25% hike of the Fed funds rate, which was widely expected by experts. Market sentiment leading up to that announcement indicated that investors believed inflation had peaked and the Fed would soften their stance on how high they believed rates needed to go before they decide to back off their hikes. Unfortunately, jobs data released thi
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U.S. Housing Market Rebalancing in New Year

By Helen Adams Realty - February 10, 2023
Canopy Realtor® Association Market Updates Reprinted from January 2023 CRRA Monthly Indicators The U.S. housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed. Nationally, pending sales rose 2.5% month-to-month, marking the first increase since May, while sales of existing homes fell 1.5% as of last
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2022 Year in Review & 2023 Forecast

By Helen Adams Realty - January 25, 2023
2022 was another year to remember for real estate in the Charlotte area. The year started much like the previous ended, with tight inventory that positioned sellers for success, low-interest rates that attracted profound buyer demand, multiple offers, and homes that spent very few days on market before going under contract. As interest rate increases became the focus toward the end of 2022, Charlo
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Home Prices Continue to Soften Into New Year

By Helen Adams Realty - January 11, 2023
Canopy Realtor® Association Market Updates Reprinted from December 2022 CRRA Monthly Indicators 2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing home sales down month-over-month and falling 37
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IntroLend Monthly Mortgage Outlook | January 2023

By Thomas Baker, IntroLend Carolinas - January 09, 2023
The end of 2022 provided slight relief from some of the worst predictions on interest rates. After a rocky fall that pushed rates over 7% temporarily, the December rate hike of 0.5% by the Federal Reserve was expected and inflation data showed minor moves in the right direction. The Fed has made clear they are not done raising interest rates, as inflation has proved stubbornly immune to their mone
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Winter Brings Typical Housing Market Slowdown

By Helen Adams Realty - December 14, 2022
Winter Brings Typical Housing Market Slowdown Reprinted from November 2022 CRRA Monthly Indicators Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year. Buyers are delaying home purchases in hopes rates will drop, while many sellers are holding off on listing their homes due to weakening buyer demand
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