Market Update

Freddie Mac reported that the US is short 3.8 million homes relative to the demand for housing! It is expected that the FED will increase interest rates several more times throughout 2022. 

Sellers: If you are considering selling your home, the rising rates have affected the affordability of all buyers- reducing the number of buyers in specific price ranges. With less buyers competing at certain price points it is important to have a competitive pricing strategy and marketing plan so that you can net the most money from the sale of your home now before interest rates continue to increase

Buyers: There are things we can do to help mitigate the increasing interest rates-- Let us connect you with out preferred lender to help get a strategy and plan in place. 

We have found that there are 3 main reasons a homeowner may want to know what their home is worth.

1. They are thinking of refinancing their mortgage.

2. They are thinking about maybe selling in the distant future.

3. They are simply curious due to the major market shifts lately.

Regardless of your reason for wanting to know your home’s value, you CERTAINLY don’t want to even consider the silly online values you’ll get from various “computer” figures online. Many times they are off by over $50,000. The only way to get a true value is to have a local professional give you a TRUE assessment based on the most recent market data. Most importantly, they offer this service completely free of charge and without obligation. At that time, they’ll also give you tips on what to do and what not to do to increase the value of your home.

Want to discuss YOUR real estate investment and what the road map might look like for you? Book a session with one of our team of real estate advisors today:  East Pasco Living Team Calendar.