With all this activity, are home prices increasing? The answer is no. Buyers still have a lot to choose from and are taking their time before they make a decision. So it may take a little longer on the market before the right buyer finds your home.
Mortgage rates continue to decrease as the Federal Reserve continues to raise rates? While interest rates were increased twice this year by the Federal Reserve, and we are poised for a third rate hike, banks seem to be ignoring the rate hikes and the interest rate on a 30 year fixed rate mortgage has gone down. Lower rates mean higher buying power and higher prices for sellers.
Wow! The heat is up - normally I take some time out and catch up on education, recreation and a bit of R & R in August and September. This year has not allowed for any down time at all. Buyers are here and they are looking to buy! Inventory levels have plateau somewhat, however the number of buyers activity looking is up. Demand is there. Make sure you are there too!