Kenny Fuqua IDC Global Agent

Kenny Fuqua

NC/SC REALTOR®
DRE# 198500 / 40138
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Introlend Monthly Mortgage Outlook - July 2024

By Helen Adams Realty - July 22, 2024
  Interest rates continue their ebb and flow with the release of economic data showing the progress made with inflation. The coming election will be a variable, possibly even more so with July's unprecedented events. We've seen recent improvement due to consumer price index and unemployment data indicating a light at the end of the tunnel, so we may see a rate cut by the end of thi
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Summer Surge: New Listings and Inventory Heat Up Charlotte's Real Estate Market

By Helen Adams Realty - July 22, 2024
  Canopy Realtor® Association Market Updates Reprinted from June 2024 CRRA Monthly Indicators U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year. According to the National Association of REALTORS® (NAR), sales of previo
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New Listings, Inventory Continue to Grow as Existing-Home Sales Fall

By Helen Adams Realty - June 22, 2024
    Canopy Realtor® Association Market Updates Reprinted from May 2024 CRRA Monthly Indicators U.S. existing-home sales fell for the second month in a row in May, sliding 1.9% month-over month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home pri
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Introlend Monthly Mortgage Outlook - June 2024

By Helen Adams Realty - June 21, 2024
While the start of June saw a dip in interest rates, the ebb and flow of mortgage rates continues hovering around 7% for many buyers. However, the Mortgage Bankers Association reported an increase of mortgage applications in early June of more than 15% when adjusted seasonally, indicating some buyers may be willing to pull the trigger on buying a home when we see slight improvements in rates.&nb
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New Listings on the Rise as Existing Home Sales Fall From One Year High

By Helen Adams Realty - May 20, 2024
Canopy Realtor® Association Market Updates Reprinted from April 2024 CRRA Monthly Indicators U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR). Higher interest rates and rising sales prices continue to keep some prospective buyers on t
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Introlend Monthly Mortgage Outlook - May 2024

By Helen Adams Realty - May 20, 2024
The month of May has brought us some much awaited good news with the release of advantageous inflation data, resulting in some cooling interest rates in the mortgage sector. Economists are, for the time being, feeling more confident that we may see some rate cuts from the Federal Reserve sooner rather than later. As we've become all to familiar with, data will be the
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Introlend Monthly Mortgage Outlook - April 2024

By Helen Adams Realty - April 22, 2024
With the continued release of inflation and other market data, combined with fairly unambiguous statements from Chair Powell and other members of the Fed, market sentiments have shifted with regards to when we may see the first much-anticipated cuts to interest rates. Until now, experts predicted three cuts this year to rates, beginning as early as June. Powell has made it clear that will probab
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Buyer Demand Remains High Despite Elevated Sales Prices

By Helen Adams Realty - April 20, 2024
Canopy Realtor® Association Market Updates Reprinted from March 2024 CRRA Monthly Indicators U.S. existing-home sales improved in March for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR). Th
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Existing-Home Sales Climb to Highest Levels Since August 2023

By Helen Adams Realty - March 19, 2024
Canopy Realtor® Association Market Updates Reprinted from February 2024 CRRA Monthly Indicators U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late las
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IntroLend Monthly Mortgage Outlook - March 2024

By Helen Adams Realty - March 15, 2024
The release of jobs data for February showed the creation of 275,000 jobs last month, roughly 75,000 more than economists predicted. Unemployment ticked up slightly for the first time in four months to 3.9%, the highest we’ve seen in two years. This is actually a positive factor for interest rates. Also of note, remember in January when the number of jobs created was almost double&nb
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Home Inventory Expected to Improve as Mortgage Rates Decline

By Helen Adams Realty - February 20, 2024
Canopy Realtor® Association Market Updates Reprinted from January 2024 CRRA Monthly Indicators U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped
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IntroLend Monthly Mortgage Outlook - February 2024

By Helen Adams Realty - February 19, 2024
  February has given us some backwards movement with interest rates due to investors’ realization that the Fed has all but guaranteed they will not be making their first cut to the Fed Funds rate in March. Consumer Price Index data this month also showed we’re having a harder time kicking inflation than economists predicted, which means we may be waiting even longer for the Fed
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