The Fed came through yesterday and lowered their rate by 1/4%.
It caused mortgage rates to come all the way back to….7%.
This is probably as good as it will get for the next few months.
The market feels fairly balanced currently, with some tilt towards a buyer’s market for the fixers and older listings. Creampuffs are still selling for a premium!
I think any distractions from the election have passed and the housing market should be better than expected for the rest of the year! Those who are thinking about selling in 2025 and who are ready to go now should consider expediting their plans.
When to sell your home:
- When no one else is.
- When you have good comps.
- When you know where you’re going.
If you have all three going for you now, let’s go!
