It's a new year! Another Leap Year. An Election Year. The Summer Olympics in Paris. There's going to be another total solar eclipse April 8th. The Fed signaled that there may be three (3) rate reductions!!!! Hooray!!!
In real estate, we have a strong start out the gate...Interest rates are trending down. Lots more listings coming on after the holiday season. We're seeing the listing side as an after-Christmas statistic moving up which is normal while pending and solds are still reflective of the holiday lull.
There's a lot of people waiting on the sidelines - buyers waiting for interest rates to drop. Sellers are waiting for the same and more buyer demand. There's still activity and when it heats up again whether it's just the seasonal selling season which generally starts in March or the Fed dropping the interest rates by a percentage point, that's going to trigger more activity.
If you are on the fence about selling: consider the things that you need to do to prepare to sell. Do you need paint, new flooring, repairs, landscaping? If you're a buyer thinking this might be the year to buy, get a copy of your credit report. Contact a lender to see what could be changed (paying off debt or taking care of credit issues). Your FICO score controls what rate you'd qualify for. Credit scores generally can't be fixed overnight so getting a head start will help you get that credit score in shape!
If you want a real estate professional's opinion of what house-wise things need to be in order, let me know! Happy to help. I have several lenders that I recommend so if you need help figuring out the credit side, happy to refer you to someone that can help with that too! And keep in mind that if you're wanting to move to a different state, I'm tied in with a national network of professional agents and can find an agent or several for you to interview.
I've been super busy myself - I sold my rental property in the DC area and have been busy moving, packing, and unpacking and then I got sick again - seems like the same thing I had last year so I've been busy lately, but I'm back and ready for another great year!
Make it a great one!
CA BRE# 01973665
All Rights Reserved | Jane Gray Real Estate | RE/MAX Gold
All Rights Reserved | Jane Gray Real Estate | RE/MAX Gold
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