If you’ve kept up with the real estate market over the last few years, you’ve probably noticed it has been anything but what we would consider “normal.” Historically low interest rates, property values increasing exponentially, and houses selling within hours! In the last half of 2022, we saw an increase in interest rates which caused the market to shift a bit.
We are currently still in a sellers market as there are still many buyers looking for a home and not enough sellers. While it is incredibly unlikely that we will see interest rates drop to 2% and 3% again, those low interest rates seem to still have an effect on our current market. Many people who purchased or refinanced in the last several years locked in the lower rates and now they…
