Market Insight: Ask Elizabeth

The real estate market traditionally slows every December between Thanksgiving and New Year’s. This year is no different as we are experiencing the typical seasonal slowdown. Simultaneously due to low inventory, we are seeing well priced properties move quickly and in some cases, over ask. When active buyers find the right home, they are willing to move quickly and do what it takes to have their offer accepted. 

Also, due to interest rate increases, we’ve seen lenders offer creative solutions for our clients. In many instances, depending on your profession, lenders amend down payment requirements and/or lock in lower interest rates. Doctors and attorneys for example, who often have a high amount of school debt, may qualify for unique loan programs with little to no money down. There are also special programs for teachers and veterans looking to buy. Regardless of your profession, if the time is right for you to move, our team will work with you and lenders to find the right solution. 

Continue to visit the Rakela Team website for important weekly market data trends and updates
The Rakela Team
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