What is going on with the real estate market lately? 🏡
Here's our take of what's going on in our local market: We’re seeing some interesting shifts— more homes are coming on the market , but fewer buyers are jumping in right now. With mortgage rates still high (come on, Fed), sellers may need to adjust their prices to attract serious offers. And wow... homeowner’s insurance? It’s no joke right now! Rates are through the roof , and that’s adding pressure for both homeowners and landlords. Speaking of landlords, it’s not just buyers and sellers feeling the pinch… Landlords are facing some real challenges too. While rents have started to level off , costs like insurance, maintenance, and taxes keep going up. That’s making it tougher for rental properties to stay profitable, especially for smaller landlords. It seems like politics might be keeping rates higher than they need to be. We believe that lowering rates would make it easier for buyers to buy and sellers to sell without losing their hard-earned equity. Plus, lower rates wo...