Blog

The Fall Real Estate Scene

So many clients have been asking the same question: Will interest rates come down and if so, when? Buyers want to know what do if they can no longer afford the home they want – and sellers want to know what to do in response.
 
The worldwide inflation brought on by the pandemic, and the Fed’s response in raising interest rates in the U.S. will affect many parts of the economy, particularly real estate. Some jumbo mortgage rates have risen above 7% and many buyers have paused to see if this is a short- or long-term issue. No one knows for sure but buyers and sellers will adjust to the new reality – buyers with more flexible financing and sellers by adjusting their price to where the market is.
 
We have seen volatility before, and our market has managed to survive very well. It will this time too. 

Where would you like to go from here?

Every client relationship begins with asking the right questions. We meet with you and take the time needed to fully understand your current real estate situation and what you want to achieve.
Contact Us
By providing Monica Corman & Mandy Montoya your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thanks For Reaching Out!