As we head into the summer selling season, many of our clients are asking us what is going on in the housing market and if now is a good time to buy or sell a home.
Certainly, we have a lot of challenges in our economy at large, and with higher interest rates, many would-be buyers and sellers remain on the sidelines as they wait to see what plays out for the rest of this year.
In the COVID boom of 2021 and 2022, home sales were driven by FOMO (fear of missing out), and today, many are now putting their homebuying goals on the sidelines driven by FOMM (fear of making a mistake).
Despite the many economic challenges and market fluctuations we have and still face, the housing market has shown resilience...
2) Why You Can't Compare Now to the 'Unicorn' Years of the Housing Market Expect unsettling housing market headlines this year, mostly due to unfair comparisons with the ‘unicorn’ years.
3) Are Home Prices Going Up or Down? That Depends... There’s an advantage to buying a home now. You’ll buy at a discount from last year’s price and before prices start to pick up even more momentum.
"From start to finish Nelja engaged us on every detail and created an experience that was warm, professional and friendly. She took ownership and anticipated every detail and made herself available when unforeseen circumstances appeared. She was very knowledgeable about the market and industry and was instrumental in helping us with lenders who helped us to handle financing challenges. She is extremely intelligent, ambitious, and super fun to work with. She reassured us during disappointments and kept us motivated and excited about the finish line. The entire experience was incredible because of her attitude and energy. We have a beautiful new home and wonderful new friend." - Mark Prudek
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