February, 2022
Bidding Bedlam
It is happening. In the last week of April a 5 year interest rate could be secured at 4.09%. Now on the 3rd of May…4.19% While demand remains high interest rates reduce buying power by approximately $50,000 per 1% change in rates. Sellers are encouraged to list for approximately the price at which they’d sell […]
Read MoreWhile these numbers for February indicate prices are still trending up, statistics from the past two weeks indicate showings are down and offers are down. What does it mean that offers are down? Is it more significant than a property which in the past year would have had 10 offers is now down to 3 […]
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