By Leslie Boatwright
They say rising interest rates are the sign of a good economy, but what does it mean for new home buyers? We all know prices are on the rise. Like many Americans, you’re likely feeling the impact ...
1. Low Inventory
Scarcity is far and away from the number one reason 2022 will continue to be a seller’s market. Homes are selling before they hit the market, going into escrow weeks after they’re available. Redfin reported 10 Housing Records that were broken in 2021, one of them being ...
View MoreBuyers and sellers have been enjoying low-interest rates for a couple of years now. But with an increase at the end of December 2021 (up to 3.11%), the low rates are rising.
The economy is stabilizing, and the Omicron strain isn’t as dire as was initially predicted ...
View MoreCurious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...
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