By the way…

In the last week, the average 30yr fixed rate has dropped from 7.1% to 6.4%

On an $800,000 home that’s a savings of $298 per month.

— Here’s how to get to the calculator —

As a seller: it can be good if you prefer a quieter, private sale. As a buyer: it can be good because you aren’t…

I love that the general public can see ‘roughly’ how much their home is worth online. (Zillow states a margin of error between 8-13% on their Zestimates)..

Here’s every scenario played out… If rates go up, good you’re already locked in at a lower rate.
If rates go down, you can refinance at a lower rate…

The 30yr fixed rate average has risen again, landing at an average of 6.184% for the week. Why has this happened? It’s the result of continuous raises from the Federal Reserve as they try to continue gaining control on inflation levels. 

They’re getting 100% of me – and some people may not like this because they’ll ask “but how can you treat a $5,000,000 client the same as a $500,000 client?”

MY MARKET FORECAST

1. Interest rates hover around 5.5% – 6% for the next 6-12mths as inflation lessens.

2. Year over year home values continue to appreciate.

That’s not the case now. As we’ve talked about before, it’s not all doom and gloom. If you’re thinking of selling, it’s a fantastic time as we’ve definitely reached the peak. In the past two years, many neighborhoods have seen 20-35%…

According to a Zillow Survey, 61% of Gen Z’ers shed tears at least once throughout the process, while 63% of millennials (aged 26 – 41yrs) breakdown and cry. Pretty staggering numbers.

A normal market sees about 10% of home sales canceling for one reason or another. In June of 2022 we saw 15% of sales cancelling – a 50% increase.