10/17/2025
Interest rates seem to be the primary reason for some stagnation in buying and selling. In my opinion as an Associate Broker with 32 years in real estate, the market about 5 years ago exploded with 3% interest rates. Along with those low rates corporations and frantical buyers threw common sense to the wind and stated paying up to $100,000 above then current home prices. Over anxious Agents ( sure l'll list it that high price ......just to get the listing) and somewhat greedy sellers jacked the prices up too high. Buyers agents caught in the frenzy had to offer higher than list price to secure a purchase.... result sellers and buyers contributed to too much higher price increases. THEN ALONG CAME 6% PLUS Rates......HIGH PRICES AND HIGH RATES SPELLED A "BAD OPPORTUNITY AND MARKET." Prices are slowly dropping and appreciation has slowed. The lower rates can open to doors for Sellers. if they sell, they can now reasonably afford to buy another home. Buyers can also likely afford a mortgage. Let me know if I can help you.
