Real Estate Market Update - What is Really Going on in the Market? There is no doubt things are crazy out in the world of real estate. Not only are buyers needing to deal with 7% interest rates, low inventory, stubbornly high home prices and possibly needing to pay their own agent or go with no representation. It truly sucks to be a buyer...and it isn't getting better. Interest Rates are Still Higher Than Buyers Remember Interest rates in the last 50 years have averaged in the mid 7's. We are not actually "high". We are average. Just higher than most people remember. Although I recall my parents having a 17% interest rate in the 70s. As you can see by the chart we are... Read more
Real Estate Market Update – What is Really Going on in the Market?
April 6, 2024
(updated April 26, 2024)
Published by Orson Hill Realty