You’re wondering, have mortgage rates finally hit their peak? Will we see some sort of “normalcy” come back to
the market?
While no one can say for sure, I can tell you what experts are saying about the market! Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station.
I know the state of the market will influence what you decide to do with your home. The first thing I want to share with you is that with interest rates rising, many buyers are concerned about entering the market.
The Seller’s market of the past few years has also brought in a bunch of brand new agents, over 150,000 from 2020 to 2021 according to Homelight.
These agents have not worked through markets that have seen higher interest rates. Many homeowners purchased at a time of interest rates over 12% (Slide 5).
Here at Sell With Sherri, we have seen a lot of different kinds of markets, including the 2008 crash. We are constantly looking at expert advice, analyzing the market, and giving the best expert advice we can to our clients to help navigate the market.
Rates are no where near where they have been on the top end, and normal is an ever changing target, but we are always here to help you navigate any market you may face. We are here for you.
I’m your Community Market Leader Sherri Echols, a helping hand for a happy home.
