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The Federal Reserve is set to meet again soon and they are likely to raise interest rates when they do. This means that mortgage rates will be going up and a few buyers who were able to afford a home right now won’t be able to anymore. It’s been a long six-year recovery from the last recession, but in the last year or two it’s been a great market for sellers.
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We’ve been very successful in this market.
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However, there is no doubt in my mind that we’re going to have a market correction soon. It’s likely to come next year. If you’ve ever entertained the idea of selling, now is a good time to make the jump. We’ve been very successful in this market lately and our current inventory is depleted. We’re getting multiple offers on nearly every listing, and buyers are scrambling to buy up homes before those interest rates go up.
There’s a great opportunity out there for you if you're a home seller. If you have any questions or would like our help in taking advantage of these conditions, give us a call or send us an email.
