Dawit Wolde Real Estate Agent

Dawit Wolde

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The Main Reason Mortgage Rates Are So High

By Dawit Wolde - June 11, 2023
The Main Reason Mortgage Rates Are So High Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Why Are Mortgage Rates So High? When Will Rates Go Back Down? Here’s cont
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What To Expect from the Housing Market in 2023

By Dawit Wolde - December 22, 2022
What To Expect from the Housing Market in 2023 The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar ye
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Mortgage Rates Will Come Down, It’s Just a Matter of Time

By Dawit Wolde - November 21, 2022
Mortgage Rates Will Come Down, It’s Just a Matter of Time This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for
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Current Mortgage and Refinance Rates for August 2, 2022: Rates Down

By Dawit Wolde - August 02, 2022
Current Mortgage and Refinance Rates for August 2, 2022: Rates Down Mortgage rates have been trending down over the past few days, with 30-year fixed rates dropping significantly. At the end of July, the average 30-year fixed rate dropped below 5% for the first time since early June. Rates came down across the board from a week ago, according to data compiled by Bankrate. Rates for 30-year
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What Does the Rest of the Year Hold for the Housing Market?

By Dawit Wolde - June 01, 2022
What Does the Rest of the Year Hold for the Housing Market? If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Li
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ARE WE IN A HOUSING BUBBLE?

By Dawit Wolde - March 22, 2022
ARE WE IN A HOUSING BUBBLE? The “warning signs” look all too familiar. Escalating home prices have both buyers & sellers worried that the market is just “too good to be true,” and agents across the U.S. are getting bombarded with the ultimate question: “Are we in a housing bubble?” Let’s take a look at 3 key factors that suggest WE ARE NOT. PART 1: HOUSING SUPPLY Last year, home values a
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The 2021 Top Producing Realtor Award

By Dawit Wolde - March 04, 2022
I feel so honored to be an award recipient as one of The 2021 Top Producing Realtors at Realty One Group. I couldn’t have done it without your help. Thank you!
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With Mortgage Rates Climbing, Now’s the Time To Act

By Dawit Wolde - January 19, 2022
With Mortgage Rates Climbing, Now’s the Time To Act Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their
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What Will The 2022 Housing Market Look Like? It Could ‘Come Back Down to Sanity’

By Dawit Wolde - January 03, 2022
What Will The 2022 Housing Market Look Like? It Could ‘Come Back Down to Sanity’ The Covid-19 pandemic upended the home-buying process. Historically-low mortgage rates coupled with an inventory shortage created a red-hot market, with houses selling within hours of being listed, often for well over asking price. No one knows exactly what the future has in store. But housing experts say that in
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What Everyone Wants To Know: Will Home Prices Decline in 2022?

By Dawit Wolde - December 15, 2021
What Everyone Wants To Know: Will Home Prices Decline in 2022? If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. He
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The Main Key To Understanding the Rise in Mortgage Rates

By Dawit Wolde - October 05, 2021
The Main Key To Understanding the Rise in Mortgage Rates Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater
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Skyrocketing Home Price Appreciation in 2021. What About 2022?

By Dawit Wolde - September 20, 2021
Skyrocketing Home Price Appreciation in 2021. What About 2022? One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appr
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