This is a January 2023 Market Update. If you like this kind of information, be sure to like, share, and follow as I will be sharing more informative videos about the real estate market, as well as home selling and home buying tips! Now I want to start off with the reality of 2022, and that is that the 30-year fixed rate in this country doubled over the last year. We started out at around 3.2% back in January a year ago, and we ended up right at around 6.4% as we wrapped up the... [read more]

Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance   To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But... [read more]

The Two Big Issues the Housing Market’s Facing Right Now   The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break... [read more]

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  We're in a time right now where there are a lot of questions, a lot of concerns, and a lot of uncertainty.We started off the year sort of seeing good buyer demand and good activity in the market. Interest rates dipped down into the fives, but bad economic news and inflation came with the higher rates, and we are currently hovering around 6.5-7%.  Sam Khater from Freddie Mac said, "The economy is showing signs of resilience, mainly due to consumer spending and... [read more]