Posts from February 1st, 2024

Greetings and welcome to 2024! We know that many of you have questions about what to expect from the real estate market this coming year, so we wanted to give you a brief overview of what we think you can expect. 

To start, interest rates have come back down considerably and are likely to come down a bit more. We are currently seeing 30-year mortgages in the range of 6.5% although this varies depending on credit scores, amount borrowed, and other factors. These rates should be considered normal and rates in the range of 3% are not likely to be seen again. More attractive interest rates will generally lead to more activity in the market for both buyers and sellers.

Many sellers have been sitting on the sidelines waiting for buying conditions to improve and are likely to see that opportunity th...

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