Observations about the current market… 1. Home Price Growth is Slowing Dramatically Now read that again. It doesn’t say prices are dropping. It doesn’t say prices are crashing. It’s slowing. Dramatically. Over the past 3-4 years, home prices have risen about 50%. We are due for some major slowing. We pretty much already got all … Read more
5 things to know about the current market… 1. AN ECONOMIC RECESSION DOESN’T MEAN HOME PRICES WILL FALL We all remember what happened in 2008, and unfortunately for many of you, the words “recession” and “housing bubble” immediately bring back memories of the crash. However, there are big differences between today’s market and the ones … Read more
What a Difference a Couple Months Make! No one really has any idea how this market is going to pan out this summer…still. As I look at all my resources to find material for this newsletter, they are all silent over the last few weeks. I read an article from a couple weeks ago that … Read more
What to expect for the Summer market… We are now officially in a “mixed bag” market! The houses that are in the perfect location, and condition, and at a good price are still getting top dollar and multiple offers. The ones that lack at least one of those attributes are sitting on the market for … Read more
What just happened to the Spring market? Well, the interest rate hikes over the past month or so definitely worked to slow down some of the crazy market activity, maybe too well. Many of the First Time Home Buyers (FTHB’s) had their dreams slashed when their lenders broke the news in the past few weeks … Read more