The Fall and Housing Prices

Make sure you read that right! No, I’m not talking about a fall in home values. We’re talking about crisp mornings, golden leaves, and everything pumpkin! While the housing market tends to cool down with the weather, home values are up 1% year-over-year. Sellers are still getting, on average, 100% of their asking price, and although we have more inventory than we’ve had in years, we’re still leaning towards a seller’s market.

The Fall

Just like the leaves, interest rates are widely expected to continue falling. I'll admit, I was expecting more activity from homebuyers when interest rates first started to drop. My feeling now is that these initial decreases are boosting buyer confidence, but it hasn’t yet translated…

528 Views, 0 Comments