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The pandemic created an unprecedented shift in the real estate market and we are all still feeling its effects.
Mortgage rates remain low but are steadily ascending. Although demand remains strong, buyers are being met with more opportunity and a less competitive market. There are always moving pieces in any market and this one is no exception. *This article is intended to be accurate, but the information is not guaranteed. Please reach out to us directly if you have any specific real estate or mortgage questions or would like help from a local professional. The article was written by Sparkling Marketing, Inc., with information from resources like FHFA, Fannie Mae, and NAR.
The fall housing market has remained strong for sellers. Although experts predict we have passed the peak growth rate for home prices, demand is still high and home values continue to rise.
There is so much happening, not only in the housing and mortgage sectors, but in our communities and across the globe. Change seems to be the only consistency in the market. Now is the time to be as prepared as possible moving in to the final quarter of 2021.
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