The past few years have been rocky for real estate. In 2020, 2021 and 2022, we experienced a major seller’s market; homes were flying off the market for record high prices. For buyers, this meant competing with several other bids, settling for a less than ideal home, and paying far more than usual. When we […]
Why You Might Want to Hold Off on Big Purchases This Year
Whether you’re in the market for a new house, a car, appliances or furniture, it’s a tricky time to buy. Inflation is sitting at about 8.26 percent, which is still much higher than the 2 percent the Federal Reserve typically aims for. Inventory is still low across several industries. And there are some indicators that […]
2022 Housing and the Impact of Interest Rates
It’s a tough time to be a home buyer right now, and relief may still be a long way off. During the pandemic, home prices soared and inventory dropped steeply. Things haven’t improved as much as we hoped they would. In 2022, there are a bit more options for home buyers, but prices haven’t come […]
2021 Housing Market: What’s Going On
If you’ve tried to buy or sell a house this year, then you know that this is no ordinary housing market. Houses are selling almost as soon as they’re listed, and for much higher than asking. Competition is fierce for properties that are available. And inventory is down significantly. So, what’s contributing to this trend, […]