Here are a few of conditions to our market that are influencing factors.
Our market is starting to balance out in pricing. We are not seeing those big jumps ahead in pricing a house for sale this summer.
Interest rates on a 30 yr fixed rate loan have gone from the high 3’s and mid 4’s just 6-8 months ago, to the current rate of 5 or 5.1% after APR.
I know that going from 4% to 5% on a loan is only a 1% shift, but for buyers this change has the effect of up to a 20% shift upward in their monthly payment.
The list price of a house is important, but the monthly payment is what we live with and how we decide what we can afford.
There is a slow uptick in inventory of homes for sale.
There are still more buyers than sellers for certain, but the influence of interest rates and increasing inventory has meant that sellers have to do a bit more in the prep for the sale. Those houses with ‘so much potential’ are being skipped over for a bright and shiny house with fresh paint, re-freshed landscaping, professional staging and a great listing agent.
If you would like genuine, focused and sincere representation in the sale or purchase of your next home please call or email, providing excellent service has been a long-standing source of pride.
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Earth Advantage & ADU Specialist Broker
Hello my name is Sean Patrick O'Feery, I am thrilled to give you the attention to detail and service that you deserve from a skilled, motivated and intuitive Real Estate agent. I love this work and will make your purchase or sale to be as smooth, rewarding and exciting and it should be.
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A broad knowledge of homes and their conditions. Whether it is a 1909 Craftsman or a LEAD Certified new construction it is important to have experience of what and where to look for quality or concerns. We have our own experience in remodeling homes and maintain good relationships with inspectors and contractors.
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If you want to know a little more about me- I love, live and breathe Real Estate. & I built a home with my dad. I know what a quality build looks like and some things to watch out for. The inspection period in sale or purchase of a home is an opportunity for me to shine. I have recently remodeled two homes with my wife and we own a couple of great rentals. Maintaining great relationships with vetted contractors is a must in my life and work. I spend winters watching the snow reports of Baker, Steven’s, Crystal, Brundage, Meadows and Mt. Bachelor. Photo is circa 1993 coming down from Camp Muir on Mt Rainier… in Oakley Blades. This is my wife. This is my child. My pets. My family. If you would like genuine, focused and sincere representation in the sale or purchase of your home please call or email, providing excellent service has been a long-standing source of pride. Sincerely,
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