🏡 Real Estate News: February 2024

Market Update
We are working within an unprecedented real estate market. The FED holding back on an interest rate reduction has consumers questioning if now is the right time to buy? This coupled with low inventory levels, is causing a bit of confusion in the market place for buyers and sellers alike. In specific areas and around particular properties, we are seeing offer review dates re-emerging with 20-40 offers on certain homes. In other cases, we are seeing some standing inventory with higher days on market giving buyers the ability to take time to shop and pick a home at a preferred pace. Supply and demand are driving factors when capturing the goal. Buyers are out looking for just the right place to call home. Sellers are contemplating timing to list with Spring on the horizon and right around the bend. Home prices are on the rise. If you continue to wait for interest rates to drop, you will more than likely find yourself paying substantially more for the home you love. When is the right time to buy or sell? When it’s right for you. We are here for you! Reach out today.

Consider getting your equity working for you! In the event you have outstanding short-term debt, check in with your trusted mortgage advisor to council you through your options. Those of you that captured an exceptionally low interest rate on your current mortgage, may be struggling to logic through the idea of making a move and giving up that historically low rate. Your equity could be saving you a substantial amount of money each month, offering reprieve, and allowing you to be living out your days in the home you’ve been hoping for. Have you been thinking about making a move? We encourage you to pursue and know your options. Call today.

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NWMLS January 2024 Housing Snapshot

We are a competent, caring and professional team who take care of you like family. With decades of experience in our respective fields, you’ll find we are knowledgeable experts, ready to guide you through the entire process with nothing left unexplained. Our team strives to make your buying and selling journey a positive one, with your satisfaction our top priority. We provide a full-service real estate experience with consistent communication and absolute transparency. We are standing by to walk you through the process from start to finish, including a comprehensive value proposition, staging, applying our exceptional marketing strategy and finalizing the successful sale of your home. Buyers will benefit not only from our strong home search tools, but also from negotiation expertise and extensive home construction knowledge. We are all committed to making your buying or home selling experience one that exceeds your expectations.

Helping you reach your real estate goals is our passion, and we appreciate the opportunity to serve you. We would be grateful if you could take a moment to review Mindy Hibbard Real Estate Team on any or all of the websites below.

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RE/MAX Town Center | 15117 Main St B106, Mill Creek, WA 98012