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Operation get the real estate market out of snail mode. The slow start out of the gate is most likely the uptick in interest rates we've seen so far, and because we live in California, we can't blame it on nasty, freezing weather. Interest rates were back at 6.92% as of yesterday. This isn't ideal, but it could also be helpful to listing inventory as current listed homes stay on the market longer allowing new listings to join the party in the coming months. More listings = more options. More options are always good for buyers. Interestingly enough, price decreases continue to trend down, and price increases continue to trend up. It's still only January, let's continue to monitor the data and see which way the trends break as we enter February and March.
My first event of the year for my friends, family and clients is just around the corner. Want a taste of what we provide above and beyond just helping buy and sell homes? Check out the invite below.
What's better than free pizza for Valentine's Day? Know someone who wants to buy or sell? Get a free bottle of wine too!
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