We all know that housing inventory has been low and mortgage rates high. But every single day people are still buying and selling homes. And the number one reason people are moving is to be closer to family.
Interest rates fluctuate, but over the past three decades, they've hovered in the 5-10% range. Below is a graph from 1970 to 2020.
The largest group of all homeowners are aged 65+. Buyers aged 57+ are more likely to downsize. Baby Boomers are 52% of all sellers.
When rates start to decline, there will be an influx of buyers and sellers. Housing demand will be fueled by the largest generation of potential homebuyers ever — the millennials. When rates start to decline, there will be an influx of buyers and sellers.
Housing demand will be fueled by ...View More
Our 2023 Client Appreciation Party exceeded the record we had set in 2022 for the number of families and individuals attending. We could not have wished for a better turnout with good people, food, and laughter. Having many new and long-time clients visit us in our home is an honor ...View More
I'm reaching out to share a video with you on the State of the Real Estate Market as of September 30, 2023. It's an excellent time to buy now while the market and prices are soft, then refinance in six months at no cost when interest rates should be ...