The odds of a home price decline hitting your local housing market, as told by one interactive chart


April 27, 2022 5:15 AM EDT

Fed Chair Jerome Powell has made it clear: The central bank is done sitting on the sidelines as inflation chips away at the value of the dollar. The plan? Put upward pressure on interest rates until price growth relents.

Historically speaking, that inflation fighting playbook is particularly hard-felt in the housing market, where spiking mortgage rates can quickly price out homebuyers. That’s already starting to happen. On Thursday, the average 30-year fixed mortgage rate hit 5.11%—up from 3.11% in December. A borrower who took out a $500,000 mortgage at a 3.11% rate would owe $2,138 per month. At a 5.11% rate, that monthly payment on a 30-year mortgage spikes to $2,718.

While the swift move up in mortgage rates is undoubtedly putting downward pressure on the housing market, it doesn’t mean home prices are about to crash. In fact, every major real estate firm with a publicly released forecast model, including Fannie Mae and Zillow, still predicts home prices will climb further this year.

That said, industry insiders tell Fortune there’s increasingly a chance that the economic shock caused by soaring mortgage rates could see home values fall in some overpriced housing markets.

To better understand which regional housing markets might see a price decline, Fortune reached out to CoreLogic. The California-based real estate research company provided us with its assessment of close to 400 metropolitan statistical areas.

CoreLogic, which ranks No. 952 on the Fortune 1000, put housing markets into one of five categories based on the likelihood that home prices in that particular market are to fall over the coming 12 months. Here are those groupings:

  • Elevated: Over 40% chance of a price dip
  • High: 30–40% chance
  • Medium: 20–30% chance
  • Low: 10–20% chance
  • Very Low: 0–10% chance

Among the 392 regional housing markets that CoreLogic measured, it puts 86% into the “very low” or “low” likelihood of a price decline. It put 10% of markets into the “medium” grouping and 1% in the “high” grouping. Meanwhile, CoreLogic places only 2% of markets into the “elevated” group. The markets in the elevated grouping—the highest odds of a price correction—include Hartford; Kalamazoo; Lewiston, Maine; Mount Vernon, Wash.; Muskegon, Mich.; Olympia, Wash.; Salem, Ore.; and Honolulu.

Even in the face of soaring mortgage rates, CoreLogic still thinks the chances of prices declining in 2022 are fairly low.

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6 signs its time to upsize???

It’s easy to get used to the space you live in; you sort of work with what you’ve got. But after a while, something’s gotta give! If you find yourself nodding at any of the signs below, it’s probably time to find yourself a bigger abode!

1. You use your Peloton as a coat rack

Listen, we all have ambitious fitness goals, but let’s put those coats in your brand new walk-in closet and get you on that exercise equipment! (Or at least back to telling yourself you’ll work out next week, but in a bigger house…)

This excerpt from the lighter side of real estate.1 To Read More Click this Link :

For assistance finding your new home and for all of your real estate needs:

Stacy Schnell & Rob Johnson

Realtors @ Collini RE

Direct: 856.364.0772 or 856.364.0895

Senior Savings Tips

Did you know that most American senior citizens overpay for practically everything and don’t know it? From auto and life insurance, to groceries, restaurants and more. Odds are you’re probably spending more than you should.

The simple fact is that most companies do offer discounts to seniors. They don’t advertise it because they lose money. If you simply ask, you’ll get your much deserved discount. To help you immediately save money and permantly cut costs in the future, I’ve put together this list of the 26 best ways you can save money that you probably didn’t know about.

Many restaurants offer senior discounts, but don’t advertise it. The best advice we can give is to always ask. The worst they can say is no. The best thing that can happen? Savings! Here is a list of national chains we know offer discounts to senior citizens. There are a few tricks you need to know. So read through this list thoroughly or better yet, print it out. You never know when it may come in handy. Again, wherever you go to eat, always ask. Bon appetit!

Applebee’s gives a 10% discount (reduced from 15%) to seniors age 60 and over who have the Applebee’s Golden Apple Card.

Arby’s gives 10% off for ages 55+.

Back Yard Burgers has a 10% senior discount for your order at participating locations, reasonably certain the age is 55 and over..

Burger King has a 10% discount for ages 60+, and additional discounts on coffee and soft drinks. As of Oct. 2015, though, Burger King may be like Denny’s, i.e., some stores give discounts and some don’t.

Chili’s is 10% off for ages 55+.

Denny’s gives 10% off for age 55+. They will make it 20% off if you are an AARP member. As of 2014, each franchise owner was making his/her own decisions regarding this, so your results may vary.

Dunkin’ Donuts does 10% off for ages 55+. Or a free donut (doughnut) when buying coffee.

IHOP is 10% off for ages 55+.

Jack in the Box has a 20% beverage discount for seniors age 55 and over. Though again, as of August 2013, the Jack-in-the-box discount may not be a sure thing.

KFC will give you a free small drink with a meal if you are 55+, although again, it’s reported some KFC’s will and some won’t.

Long John Silver’s has various discounts for 55+. Depends on location, so your results may vary.

McDonald’s has discounts on coffee and soft drinks for the 55+ crowd.

Outback Steakhouse has a 15% senior discount, age demarcation unknown.

Roy Rogers Restaurants gives a 10% discount for seniors, age demarcation unknown.

Sonic gives a choice of free beverage or 10% off for folks 60 and older.

Subway is 10% off for ages 60+; though at least occasionally, a store owner will deny the discount, either because they are uninformed or because of individual franchise policy.

Taco Bell is 10% off, apparently up from the former 5%; plus free beverages. Age requirement is 65 and over. Discount may be franchisee specific.

Wendy’s is 10% off for ages 55+, though at least one Wendy’s in Topeka, Kansas gave a free drink in place of the 10% discount. Not known if this is the new policy or a franchisee-specific incident.

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#seniorsavings #realestate #taxbreaks #discounts #unaffordabledebt #savewhereyoucan #budgetideas

Home For Sale

Located in a quiet park in desirable Pittsgrove Twp., this well kept ranch home could be yours. Features an open concept floor plan with a full kitchen and dining room. Lots of natural lighting. Newer plumbing. A very nice size living room and plenty of closets for storage. Each bedroom has its own bathroom which is quite convenient. Gas heat and central air! Decent sized corner lot with 2 driveways and a wooded view across the street. Affordable living. Sale subject to park approval. Lot rent $489. Call today for a tour.

Homeowners Are Frantic To Secure Insanely Low Refinance Rates

If you pay over $775/month you may be due for massive savings

Millions of homeowners are getting huge savings on their monthly mortgage bill thanks to a series of unprecedented and bold moves by the Federal Reserve.

With the ongoing global pandemic, the Fed was forced to slash its fed rate to zero and pump trillions of dollars into the market causing mortgage rates to plummet to low levels. Insanely, unbelievably low rates!

If you have a mortgage, we urge you to visit and get a free mortgage quote today. There are no obligations to check rates and almost all homeowners have been surprised to find out they can refinance their mortgage to astonishingly low rates and reduce their mortgage payment to levels they never thought possible.

Most homeowners will see huge savings and the process is very simple. If you want to lower your mortgage payments, pay off your mortgage faster or get some extra needed cash out, now is the perfect time to do it.

Homeowners are in a mad frenzy to get quotes and refinance. With a huge influx of homeowners looking to refinance, many banks have been unable to keep up with demand and process quote request. Sadly, many homeowners will be left out, so it’s vital that you act now and get the process started to lock in a low rate now.

Want To See How Much You Can Save? Here’s How:

Fetcharate’s free service helps homeowners easily get quotes from lenders likely to approve their loan and help find them super low rates. In just a few minutes, any borrower could get a side-by-side rate comparison from qualified lenders and find savings. Once you have chosen the lender right for you, that lenders will work with you to easily lock in your rate and claim your savings.


This article from and written by Terry Jefferson

8 signs it’s a sellers market

Identifying a buyers or sellers market differs with each community. In one community, home sales might be sparse with short market time and the demand is high. A few towns over might see the opposite: plenty of ‘for sale’ signs and far less buyers.

Ten years ago when the housing crisis reached a fever pitch, there was far more of the latter. But markets always recover, and we’ve consistently seen home values on the rise. As homeowners begin to think about listing their homes, those on the hunt need to identify what type of market it is.

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Thinking of Selling your home?

Stacy Schnell – Realtor

Direct 856-364-0772