Will there be a spring market? It’s trending that way. At their peak, mortgage interest rates were over 7%. Now they are closer to six. As inflation continues to decline, mortgage rates will go down as well. As long as this continues and the geopolitical situation remains relatively secure, we believe that increased listing and selling activity in most of our market areas will result in a spring market. It will not be as active as our pre-COVID-19 days, but it will be a spring market nonetheless. If you are ready to sell your home and/or buy a new one, this spring is an excellent time to make a move.
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