HOW IS THE REAL ESTATE MARKET? 1) Mortgage rates declined to around 5%.2) Multiple offers have subsided with some homesseeing them while most are not.3) The number of homes for sale has increased.4) The time to sell a home is slowly increasing.5) A lot of news stories talk about a coming crash in home values. […]

HAS THE REAL ESTATE MARKET PEAKED? Home prices have have been on an upward trend since 2012 and exploded the last 3 years. Ten years is a long time for an up cycle. Previous factors that brought an end: 1) High mortgage rates 2) Layoffs and job uncertainty 3) Speculation and stated income loans. We […]

What Do High Mortgage Rates Mean ? 1) The refinancing for a lower interest rate boom is over for most. Current rates are over 5%.2) The cost of buying a home just went up. Many buyers who were qualified for a $1.5 million home at 3.25% now qualify for maybe $1.3 million.3) Offering over the […]

IS SPRING 2022 A GOOD TIME TO SELL YOUR HOME? Spring is normally the best time of year to sell a home. The days seem longer, the flowers are in bloom and many people like to be in their new home by summer. Things that are different this year – the war in Ukraine (pray […]