Sergio Garcia & Sofia Garcia, Realtors with Samson Properties
Mortgage rates may finally be headed down! After rising rapidly in 2022, the average 30-year mortgage rate has mostly hovered between 6-7% since the start of the year. But, economists at the National Association of Realtors, Fannie Mae, and the Mortgage Bankers Association are forecasting that they could dip below 6% by year’s end. To …
Many economists expected higher mortgage rates to cause home inventory to balloon. So where are all the "for sale" signs this year? The reality is that many would-be sellers are reluctant to trade in their existing mortgage rate for a higher one. However, some sellers are actually benefiting from high mortgage rates — because a …
You may be wondering: what is stopping homebuyers now? While the desire to own a home remains strong, many would-be buyers are holding off due to factors like: 💰 High prices. Over the past few years, property values climbed faster than wages. 📈 High mortgage rates. An increase in borrowing costs has made homeownership less …
How do you know when it’s time to sell? According to a recent survey by the U.S.-based National Association of Realtors, these are the top 5 reasons respondents listed for selling their homes. Ready to take advantage of the current market or to find a home that better fits your needs? Reach out for a …
