In a surprising twist, a recent report has brought good news for renters across the United States. Median rent prices in May dipped compared to the same month in 2022, marking the first decrease in three years. This development, revealed by Realtor.com, offers relief for renters who have faced skyrocketing prices. In this article, we […]
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June 28, 2023
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This shortage of available homes for sale has been exacerbated by the impact of the COVID-19 pandemic and high mortgage rates, creating challenges for both homebuyers and sellers. This article will explore the factors contributing to this decline and the implications for individuals navigating the current housing market landscape. The Impact of the Pandemic: The […]
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June 21, 2023
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In a surprising move last Wednesday, the Federal Reserve opted to hold the line on its benchmark interest rate, maintaining it at approximately 5.1%. This decision stands as the first pause following ten successive rate hikes aimed at reining in spiraling inflation. This strategic pause implies that the Federal Reserve is confident that the borrowing […]
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June 20, 2023
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Welcome to The Rossetti Realty Market Update. If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends. According to MLS Listings, the marketplace for Menlo Park residential properties here’s what happened in May 2023 versus April 2023: The Number of SOLD listings increased by 113% to 34 properties, […]
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June 18, 2023
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