November 10, 2022, 5:04 pm  By Tim and Julie Harris Welcome to the new market! Now that there are more listings, buyers have more choices. With more choices, buyers’ agents look for reasons to not show a property, and buyers look for reasons not to buy it, or to simply keep looking. Now that fewer buyers are looking, each showing is far more valuable to you as a listing agent. No one wants to have slow or no showings and then have to talk to the seller who trusted you and figure out what to say to them while the house languishes on the market. That’s no fun. Active listing inventory in the U.S. continues to rise. As of the end of October, nationwide, the increase was 33.5% over last year. Many markets had far higher increases year over year, such as Phoenix; Raleigh, North Carolina; and Nashville, Tennessee, leading with gains of 173.9%, 167.4%, and 145%, respectively. Along with more inventory comes longer days on the market, fewer showings, no more competing offers and more power to

With mortgage rates expected to climb even higher, lenders are launching new programs to court buyers November 3, 2022, 2:17 pm  By Connie Kim The Federal Reserve’s tightening of monetary policy is causing mortgage rates to rise rapidly. For lenders, that means finding new ways to drum up business, like introducing programs that try to convince borrowers to ‘marry the house and date the rate.’ Mortgage rates rose more than four percentage points in 2022, up from last year’s low 3% levels. The origination market forecast expects it to plummet to about half by this year compared to 2021, and mortgage rates, which are sensitive to short-term interest rates, are expected to climb. Prior to Wednesday’s Federal Reserve’s rate hike, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage had declined to 6.95%, a drop of 13 basis points compared to last week. Rates averaged 3.09% this time last year. “Mortgage rates continue to hover around seven percent, as the d

Hello my friends.... 👋🏼👋🏼👋🏼 a quick Northern California housing market update.... 🏡🏡🏡 "The market has shifted... it is no longer a crazy sellers market...  about 6 months ago, prices were crazy high, houses were getting multiple offers and coming off the market in a week or less....  NOW we are in a BUYERS MARKET...  Houses are cheaper and they are staying on the market longer... Lower offers are being accepted! If you tried to buy a home a year or 2 ago and got priced out the market or couldn't get any offers accpted, NOW is a great time to try again." Are you ready to buy a home? If you would like to see how much you qualify for or want to see homes for sale, contact me. Here is an excellent article about the first step to buying a home: https://jasonwoods.exprealty.com/blog.php If you are ready to buy a house, we have homes for you! * Do a home search on my website:  https://myre.io/0sOyqDENNGrt * Request a showing or TEXT the home address to me... * CALL or T