What’s Up with Real Estate?

Unless you live under a rock (I can say that as I’ve been known to camp out under a pebble now and then) There’s no doubt you’ve been hearing about the housing market, right? In many experts’ opinions the feeling is we are settling back into the same speed of travel as in 2019. I agree and am hearing from several agents that they are getting increased traffic at open houses; some are still getting multiple offers and we are still low on inventory! Predictions are that in the mid second quarter rates will settle in the 5% range which, is historically a good rate. Buyer’s may have a higher rate; however, inspections are back to protect yourself, negotiations are back to have items on an inspection addressed and some sellers are giving incentives with closing cost credits. I even have some great lenders that have 2 -1 buy down programs to offset some of that payment in the first year or two. A more stabilized market for all really is a good thing! Thoughts? Feedback? I am here to help!

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