It's like a teeter-totter out there. Things go up. Things go down. Up and down.
For example, mortgage rates recently dropped to 3.13%, one of the lowest rates in the last 30 years (read article 1). Shortly before that, the rate of Covid cases were on a downhill slide, then all of a sudden, they shot back up again. In March and April, home sales plummeted. Then in May and June, they came roating back (read article 2).
So it begs the question: what happens next? Are we going to continue seeing bidding wars, with homes selling in only days for over asking price? Or, as some predict, we are going to see a drop in prices, as buyers pull back from the market and inventory increases? (Read article 3).
In fact, nobody really knows.
Which is why we need to talk. If you have been thinking about buying, or selling, or both, or you know someone who needs real estate advice, please call me so I we can discuss the current and possible future condition of the housing market. I have real-time information that you probably can't get from the news. Let me help where I can.
This office is independently owned and operated.
This is not intended as a solicitation for properties currently listed.
The information contained in this newsletter is for informational purposes only and should not be used as the sole source for making an investment decision; none of the information contained herein represents an endorsement or recommendation by the Coldwell Banker Real Estate corporation or any of its independent offices or agents.