As professionals, we try to stay up on all market information available to us from reliable sources so we can help our buyers and our sellers make good decisions as they take the step for a real estate transaction.
Inventory is rising, you may have noticed. There are approximately 30% more sellers than buyers at the current time and this is creating buyers confidence. According to several sources, the population is less concerned about the loss of a job post pandemic era.
Some of the more challenging aspects of our times are the current status of mortgage rates. Predicted to not be lowered at this time, mortgage rates continue to be higher than what the general public has become accustomed to paying. Rising property prices is something that buyers are concerned about, however, if you are watching the market you are likely seeing prices of properties be reduced to entice buyers.
More than ever Home is indeed Sweet Home. More than ever, people are enjoying their homes. Let’s face it, going out is expensive and so is home ownership. It makes sense to work to create your own paradise in which you are happy to be home. Be creative as you like when you are the home owner.
If we can help you become a home owner, a cabin investor, or a 2nd home we are here to support you all through the journey. Contact us at your convenience. 865-908-2909.
Thank you to Kristin Lewis for the information shared in her excellent monthly newsletter that is one of many resources used for this blog.