Summer 2023 was a season of paradoxes in the housing market. A period marked by low inventory, homeowners' reluctance to sell, suppressed demand, and a low number of closed sales. Despite rising home values and brisk sales, the landscape reflects scarcity and a lack of activity.

At Nuvision Credit Union, we believe in the power of credit unions to help people build their lives, and we want the world to see what it truly means to be part of a credit union. Today, we're inviting all our members to join us on social media and share their Nuvision stories with the hashtag #ilovemycreditunion.

We just had an amazing Nuvision Member Celebration, and we couldn't wait to share the highlights with you! It was a fantastic evening where we celebrated not only our awesome members but also the incredible community partners that help with our mission to build the lives of those in the communities we serve.

In June, U.S. home prices experienced another surge, approaching near-record levels. While some see these highs as a positive sign of a recovering real estate market, many prominent real estate experts caution that the worsening inventory shortage could deter many prospective homebuyers from entering the market. A recent report from Redfin, a real estate brokerage firm, reveals that median home prices rose by 1.9% in June compared to the previous month, reaching an average of $426,056.

Dr. Christopher Thornberg of Beacon Economics returned to speak with Nuvision Credit Union CEO Roger Ballard for an informative webinar to answer all of your questions and tell you where he sees the economy heading in the second half of 2023.

We invite you to join us on Aug 9th for our latest Nuvision Insights webinar, hosted by Nuvision Credit Union CEO Roger Ballard. Roger, along with key teammembers will provide updates and valuable insights into the world of digital banking and financial wellness. This webinar is designed to give our members the knowledge and digital banking tools they need to navigate the current financial landscape.

The Added Advantage Summer Giveaway ends today, and we are thrilled to announce and congratulate this year's big winners. On top of our yearly cash giveaways, Added Advantage members can get exclusive banking benefits, including lower rates on loans, discounts on fees, and special incentives like cashback.

With the summer season beginning, the housing market is entering its second busiest time of the year. While spring traditionally takes the top spot, summer can be an excellent time for both buyers and sellers. But since the market is anything but predictable lately, it's important to keep a close eye on current market conditions, along with historical trends, carefully assessing the risks and opportunities that could lie ahead.