The Fall and Housing Prices

Make sure you read that right! No, I’m not talking about a fall in home values. We’re talking about crisp mornings, golden leaves, and everything pumpkin! While the housing market tends to cool down with the weather, home values are up 1% year-over-year. Sellers are still getting, on average, 100% of their asking price, and although we have more inventory than we’ve had in years, we’re still leaning towards a seller’s market.

The Fall

Just like the leaves, interest rates are widely expected to continue falling. I'll admit, I was expecting more activity from homebuyers when interest rates first started to drop. My feeling now is that these initial decreases are boosting buyer confidence, but it hasn’t yet translated…

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