It’s finally happening – mortgage rates dip below 6%!
The end of the summer season is bringing some sunnier news on mortgage rates. ☀️
We were hoping to see rates on the 30-year mortgage dip below 6.5% this month, but we got something even better. The 30-year mortgage rate has fallen again, now reaching a 19-month low at 6.05%.
Mortgage rates are finally down! 📉
“Every move signifies a fresh start, a chance to decorate your life with new experiences and make new memories in a new place.”
Mortgage rates have dropped this month to their lowest level in 15 months in anticipation of growing consensus that the Fed will cut rates soon. Maybe it’s finally time to make a move?
What’s New With the NAR Settlement?
I understand many of my clients are curious about how the NAR settlement will alter the upcoming housing market. So, I wanted to shed a little light on the situation.
Sonoma County Housing Market Update & Predictions For 2024: What’s Happening With Rates, Prices & Inventory?
Are you wondering what’s going on with Sonoma County real estate this year? Our market is always evolving, so it’s important to stay up-to-date if you’re eager to achieve your real estate goals. From declining sales to interest rates and inflation, let’s take a look at the real estate trends that are shaping our market and what’s to come the rest of the year.
Has the Sonoma County Market Peaked for the Year?
The summer season is here, and vacationing is more on the mind than moving.
Of course, some aren’t making home moves because they’re still waiting for a mortgage rate drop. Though some economists, such as NAR’s Chief Economist Lawrence Yun, are predicting that they will come down a bit by year’s end, they won’t come close to the 3% that occurred during the once-in-a-lifetime pandemic event.
May Sonoma County Real Estate Update
“Price is what you pay. Value is what you get.”
– Warren Buffett
I’ve been pondering this idea lately. The importance of value over price in decision-making.
Do I buy organic because it’s better for me, even though it’s more expensive? Do I invest in key wardrobe pieces that will stand the test of time or opt for the Amazon version?
We currently live in a price-sensitive world where even those who are considered “wealthy” are having to contemplate this choice due to the rising cost of living. It’s at the core of every purchase we make… including our homes.
May flowers are blooming & so is the Sonoma County market
Can you believe it’s almost summer? Along with the flowers and sunshine, the dynamics of our housing market are changing yet again. There is a subtle but important shift in the market this month. See below for more insight.
Kids are getting out of school and will be home for summer break. Meanwhile, teenagers are leaving home to get ready for college. Needless to say, May and June are months of adjustment. So, should your home adjust as well?
Spring Real Estate, NAR & Sonoma County Fun!
There’s a lot to cover with you this week! Let’s dive right in…
I first want to address the elephant in the room: The National Association of Realtors (NAR).
You’ve probably seen the headlines or maybe watched a video circulating on social media about the $418 million dollar lawsuit settlement this month.
Everyone is talking about it, and I have a few thoughts (and opinions) too.
Treehouses, Puppies & The Spring Market!
Spring is here, I can feel it! Wildflowers are making an appearance in our vineyards and gardens and the housing market is heating up.
Fun Fact: 40% of home purchases happen between March through May.
Why? Good weather, an abundance of sellers, and timing (most people want to be in a new home before the school year starts).
Welcome to Early Spring in Wine Country!
The first signs of spring have arrived! This is one of my favorite seasons in Sonoma County. Everywhere you look you can see yellow mustard popping up in the vineyards and other spring flowers beginning to bloom.
Yellow is often associated with optimism and joy and that’s exactly what we could all use a little more of in 2024… including in the real estate world!