Julia Houghton Duffee The Realtor You'll Recommend

12/26/2024

Just Sold!

09/05/2024

Just Sold!

06/21/2024

New on the Market

06/06/2024

New on the Market

09/26/2023

I know it's approaching Halloween time but, sorry! I don't have any kind of magic to help me tell the future!

Here's a graphic to tell you what is happening in our market. The number of homes for sale is at an all time low! Homes are selling quickly and often for over list price. As a buyer you need to be educated & prepared.

I may not be able to look ahead but I can look back at history and use that to help me predict what will likely happen with these rising interest rates.💰

Side note: Sometimes navigating these articles about interests rates can give me flashbacks (hives) of my high school econ class, but I'm gonna try to explain this as simply as possible.

Inflation is high (I mean, have you been to the grocery store!?) And when inflation is high, interest rates are also high.

The Federal Reserve has a goal to bring inflation back down. They want it to be around just a 2% increase each year instead of the upwards of 8.9% we've been seeing the last several months.

Historically the direction of inflation leads the way and interest rates have followed suit. So when inflation is high, interest rates are high.💲 But when inflation goes down, interest rates have always gone down, too.

If the Feds can bring inflation back down to 2%, it could lead to lower interest rates, making it much more affordable for you to buy a home.

This is SUCH GOOD NEWS, right? Mostly! It's nice to know we are headed in the right direction and there's a good chance of lower interest rates again (although let's not forget that a 7% interest rate is not bad considering 20% interest rates have been a thing before).

However, with lower rates comes...more buyers! Which means more housing competition.

This doesn't scare me as I help buyers compete over other offers all the time, but this is why I'll tell you the same thing I tell my clients: if you CAN afford your payment at a higher rate, now is the time to buy.

Get locked in to a house you love and simply refinance when rates drop again so you don't have to compete with as many offers as you will if you wait.

Whew, that was a lot, wasn't it? The good thing is, you don't have to totally understand all of that. You just need an agent in your corner who does! If you have more questions, reach out today before the rush of the holidays and let's make a plan for you! ☎️

07/24/2023

A beautiful spot in the gorgeous finger lakes-just off the wine trail. 40 Organic acres, 3 story barn, pole barn with workshop, dog kennels, hot tub, swimming pool, kids playhouse/studio. So many possibilities!

05/15/2023

Time to vote for your favorites (Real Estate Agents too-shameless self promotion alert 🙂)
Go to Home & Gardens
Scroll down-Middle column-
4th from the bottom are Real Estate Agents that have been nominated....
You can vote once per day!

Vote once per day from Monday, May 15th through Friday, June 2nd!

05/05/2023

To all those who give so much- but especially proud of my daughter on this day of recognition. She follows her dreams, works hard & gives her all- Every.Single.Day. You go girl!