August 1, 2022

​​​​​​​We hope you are enjoying the last weeks of summer! The real estate market is shifting and you may be wondering what that means for you as a seller or a buyer. The rapid rise in mortgage interest rates has taken a pause. In fact, mortgage interest rates have come down in the past few weeks and rates are hovering around 5%. Although inventory of homes for sale is low, it has increased slightly. This is cooling the strong seller's market. Homes are forecasted to appreciate at a slower pace the second half of 2022. Desirable homes that are remodeled are still receiving multiple offers. Homes that need updating are experiencing more time on the market and some are having to reduce the price to get it sold. If you are considering selling, now more than ever is the best time to let us help prepare your home for sale using our Compass Concierge Program in order to maximize your profit. If you are considering buying a home, we have helped many buyers make their dreams a reality in this market and we can help you create a winning strategy too. Contact us to discuss your unique buying or selling situation. 

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