Mortgage interest rates continue to rise and the cost of goods and services also increase. Many buyers have backed off from shopping for a home. There are several signs the housing market is slowing. Agents are reporting less showings, less offers and more days on the market. Compared to last year ... » Learn More about Real Estate Market Update – June 2022
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Real Estate Market Update – May 2022
Inventory is still low and it remains a seller's market. Compared to last year, less homes are being sold. Still, buyers are not doing the same. There are less showings, less offers, and more contingencies in contracts. The days of multiple offers, $100,000 over asking, and going under contract in a ... » Learn More about Real Estate Market Update – May 2022
Real Estate Market Update – April 2022
The housing market is still marked by a lack of inventory. Homes that are reasonably priced and in good condition are going under contract within a few days leaving many buyers wanting more. Higher interest rates have not deterred most buyers. The good news is that more and more homes are coming on ... » Learn More about Real Estate Market Update – April 2022
Market Update – March 2022
Will the Spring make our housing depression go away? The housing market has seen extremely low inventory of homes for sale for the past 2 months. It seems like things are finally turning around and there are more homes on the market than the previous month. Home value is also still on the rise. ... » Learn More about Market Update – March 2022
Interest Rates Affecting Housing Market
Market Update - January 2022 Mortgage interest rates have been rising consistently for the past 4 weeks. Some buyers are surprised how their estimated monthly payment rose so dramatically in just a week. While this increase will cause panic and a sense of urgency in some buyers, it will make ... » Learn More about Interest Rates Affecting Housing Market
Market Update – December 2021
Is the real estate market asleep? This is the time of year when we make time to see family and friends, decorate the house, and start holiday shopping. The chilly weather calls for warm drinks, relaxing by the fire, and staying warm. Even the hectic pace of work, at least for most, slow down. For ... » Learn More about Market Update – December 2021
