What’s going to happen with interest rates in the near future?

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What’s going to happen with mortgage interest rates this year? To answer today’s question, I think it’s important to look at what has happened in the past. Over the last year or so, we’ve seen interest rates plummet due to the pandemic, and mortgage rates dropped significantly when the Federal Reserve was pumping tons of money into mortgage-backed securities.
"The days of getting a 2% interest rate are over."

More recently, the Fed has slowly been removing the amount they’re putting into buying those securities, which caused interest rates to climb. In addition to that, we’re also noticing a lot of volatility in the stock market; people are pulling money out of stocks and buying bonds.
The trajectory of interest rates has been going up significantly as far as mortgages are concerned. ...

Here’s a few tips for how you can sell your home during the holidays.

How do you sell a home during the holidays? Today we want to talk about what it takes to get your home sold this time of year. First, it’s important to remember that there are still buyers during the holiday season. Just because there are fewer buyers doesn’t mean there are none. We want to make sure that we can attract those buyers to your home.
To attract buyers, your home has to be attractive, and holiday decorations are one of the ways we can do that. Setting up Christmas lights and holiday decorations can help draw people’s eyes.
Seller’s often price their home too aggressively during the holidays. When there are fewer buyers and your home is overpriced, it can sit for a long time and go stale. You want to price your home appropriately and attract buyers who want to move as soon as possible. 
If you want a free evaluation on how to sell your home this holiday season, fe ...

Overpricing or underpricing your home can be disastrous for sellers.

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In our market, most homes are still getting multiple offers and quickly selling for above asking price. However, we’re starting to see some homes coming onto the market that are priced a bit too high, and they end up sitting unsold.
When a home’s already overpriced, it’s rare that a buyer will offer to pay more. The home may still get offers, but they’ll be well below asking price. Often, they end up selling for much less than they would have if they were priced correctly.
"Pricing a home too high or too low can cause a seller to scare off buyers who would be willing to pay a maximum price for their home."

Some homes are also being underpriced, which creates large bidding wars and causes some buyers to get discouraged and fatigued. They may not even make an offer when they hit this point.
As yo. ...

My advice on how you can find a great home after selling.

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Today, we’re living in one of the craziest seller’s markets I have ever seen. You would think this means now is a great time to sell your home, but a lot of clients have told me they’re worried they won’t be able to find a great home once they’ve sold. Can you still find a great home in today’s market?
From personal experience, the answer is definitely yes. We’ve helped loads of clients seamlessly transition from selling their old home to living in their new home. They didn’t have to settle for something they didn’t really want, and they didn’t have to pay way out of budget to do it.
For example, we had a recent client who needed to sell before they could purchase their new home. However, in today’s hot market, it’s really difficult to get your offer accepted if. ...

What the national media is saying about demand isn’t accurate.
 
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What are the motivating factors driving housing prices up so quickly right now? Many media outlets are discussing how demand is very high. Because home prices are appreciating so quickly, many people are prone to think that demand is high. In reality, demand is fairly normal. That's somewhat hard to believe when you regularly have multiple offers coming in, but what's truly driving the housing prices is our low supply.
Right now, we have about 6,000 homes for sale through the Arizona Regional MLS. Comparatively, we usually see 30,000 to 35,000 homes on the market around this time of year. Having a fifth of the normal amount of inventory means that we have an extreme shortage. Contrary to what you hear through media outlets, the market is not rising quickly because of strong demand or interest rates. It’s risi. ...