Wow, way more properties sold last year in the first 9 months than this year in the first 9 months.  In fact, as of the end of September, we had only 220 houses and condos close escrow.  Last year by the end of September, 342 properties had sold.  Properties in 2021 sold within days of […]

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to […]

How are interest rates affecting the real estate market? The real estate market has made a 180 degree turn in the last 30 days. Interest rates for a 30-year fixed mortgage have increased from an average of 3% in March to an average of 5% in May.  This sudden, yes sudden, increase in interest rates […]