Local market insight since 2007
(The Buc-ee's shown above is a photo of a similar travel center - not a rendering of the proposed travel center.) This is old-ish news now, but I have still been getting…
As an aside... the market is definitely shifting in some ways... as we are no longer seeing every house go under contract in hours or days with multiple offers. We're…
Looking back, one of the humorous things about the (crazy) real estate market in 2020, 2021 and 2022 was how quickly buyers would jump on every new listing when it hit…
Home buyers aren't making decisions quite as quickly these days. That doesn't mean that homes aren't going under contract as quickly -- they often are -- but individual…
Consider these two listings that a buyer might be considering in today's market... Home #1 A home priced at $435K that has been on the market for 75 days without a price…
Given high home prices and high mortgage interest rates, does it make sense to wait to buy a home? As usual, maybe yes and maybe no. Let's start with maybe no, you…
One of the strangest things over the past few years was how nearly every listing had a buyer (or buyers) in very short order once it hit the market. Inexpensive home - of…
We are seeing fewer home buyers signing contracts to buy homes right now... compared to the past few years. The graph above shows the numbers of homes that went under…
The current average 30 year fixed mortgage interest rate is 7.23%. That is the highest it has been in over 20 years. Actually... 22 years, it seems. The last time it was…
Many homes are still going under contract quickly, often with multiple offers. But not all homes. I know it's hard to believe after the past few years of craziness in our…
Between 2020 and 2022, despite record levels of buyer demand, I would still tell sellers... We can't know for sure how much buyer demand will exist for your home until it…
Happy Monday afternoon to you, friends! This monthly market report is one of some enigmas, some contradictions, some puzzlement. Some of these will be familiar, some new…
A free, local read in your inbox each weekday.
