Zactherealtor

Your morning Real Estate Blast!

The Top Reasons for Selling Your House

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.

Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they’d get if they moved right now. But if you’re a homeowner in that position, remember that mortgage rates aren’t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of reasons you may still need or want to move. A recent report from NAR breaks down why homeowners...

The Top Reasons for Selling Your House Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And wh...

Your Sunday morning Brunch!

There’s been a lot in the news recently about declining home sales over the past year. But it’s important to look beyond the headlines and keep context in mind. According to data from NAR, over 4 million homes sold last year. And if you do the math, that means over 11,000 still sold each day. DM me to learn more about the activity in our local market right now.