ACORNS KEEP FALLIN’ ON MY HEAD!
It’s fall and it’s a beautiful time of year! The air is cool and crisp. The colors are changing on the trees and the leaves are beginning to fall.
Do you know what else is falling? Acorns! Have you noticed all the acorns? They are everywhere. I became curious about the phenomenon and did a little research. Some people say that the abundance of acorns is a sign that we are headed for a long, hard winter.
But most research has determined that the large acorn production is cyclical and just something that happens every three to five years.
Do you know what else happens every three to five years? The real estate market changes.
FALL REAL ESTATE MARKET CHANGES
So, what’s going on in the real estate market now? I’m glad you asked!
It’s just like the acorns. Every three to five years, we experience a shift and right now we are experiencing a slight lull in the market. Does that mean that the market is falling, and everything is going to crash?
No! Typically during the fall we experience a real estate transition from fall to winter. People tend to think, “Oh, I think I’ll just wait to buy until after the holidays or during the spring.”
What does that provide for us? Opportunity!
This is a great time for buyers! Previously we had 10-20 buyers on every house and the competition was fierce. Currently we are seeing one to two offers on properties. This is a great time to get into the market!
Now, you may still need to pay a little bit over the list price—maybe five or ten thousand—but what you save on interest rates right now easily covers that difference.
We are expecting interest rates to rise a little bit. So, if you can buy now with an interest rate at or below 3%, it creates an incredible opportunity to secure the home of your dreams and save tens of thousands in interest!
Looking for more great buyer resources? Check out my FAQs for Buyers!
So, whether you are a buyer, a seller, or just interested in the current market, give me a call. We will take good care of you!