I Totally Thought I Would Be Talking About Rate Dips…

But here we are in the middle of an election year just trying to figure out what to do with these kids over summer.  The experts got it wrong. Like so wrong.  

So here’s to summer!  Long days, fireflies, s'mores… Cause we aren’t toasting to those rates just yet. People still move everyday. It’s not the end of the world, just didn’t see us still here in Q3.

In fact, did you know that late spring early summer is usually the busiest season for homebuyers?  Despite fluctuating interest rates, the demand for homes remains strong, and we're witnessing a return to pre-pandemic levels of housing value appreciation. Which hey! Some normalcy, I’ll take it!

For instance, U.S. single-family home prices increased by 5.5% over the past year as of the end of Q1.  What's even more exciting is the increase in housing inventory. According to Realtor.com, active home listings surged by 23.5% in some markets. This growth could mean more options for buyers and potentially fewer bidding wars, making it a promising time for both buyers and sellers. That’s a win win!

If you're considering your next steps in the real estate market, now might be a great time to explore your options. Don't hesitate to reach out, I can connect you to a local mortgage professional for personalized advice so you can get started!

I always say there is no such thing as a national real estate market so here’s what’s happening in our backyard!