(Pictured above: 11820 Yorkshire Dr in Richland | Click Here for more info)
Now that Those Ads Are Gone...
As we put the 2024 election cycle and all its commercials in our rear view mirror, we start to refocus on our daily lives, holidays, and personal priorities. Events like the presidential election tend to put big decisions and moves on hold but with voting day come and gone and Thanksgiving around the corner, life keeps moving quickly and the real estate industry has been patiently waiting.
We still have limited inventory that makes selling better; interest rates hovering in the high 6's (higher but certainly not high) that still makes obtaining a mortgage in this decade more favorable than the last; and average sales prices that year-to-date, year-over-year are still up, making real estate a continued, smart investment.
Looking Further Down the Road
Looking farther forward, most experts agree we're headed for more favorable conditions in home lending. Generally speaking, mortgage predictions highlight a slight decline in rates as the year comes to a close, with steadying numbers in the first quarter of 2025 and maybe even lower numbers into the second quarter.
The More Things Change, The More They Stay the Same
All this being said, real estate is a personal journey. People have varying reasons for buying, selling, moving, or investing, and when the time is right, the time is now. No matter the conditions, starting with experts is always the right choice. Whether you need mortgage help, general real estate guidance, or just have questions, you can trust teams like ours with years of experience in ALL types of markets to help support you and your loved ones as you make major real estate decisions.
Thank you for your trust.
