This isn’t an alarm. Honestly. It isnt.
Last week a few deals shook out, and there were some price reductions, and a few Realtors (and their clients)went screaming for the exits. Big murmur throughout the crowd, but no stampede yet……..
We’ve had so many new listings that it’s tough to keep up. Lots of flow through the office on both sides. Mostly, right now, I need more realtors!
We are working on one of the single rarest properties ever in Hood River, and we’ll have it up by next week. It’s going to cause a splash………….
I read the FOMC raised rates again. 5.00%…..It seems that it hasn’t impacted everyone yet, but everyone is asking the question……”exactly what does that mean to my ability to buy a home?” Currently, the creative financing people at our local lending institutions have made workarounds……for example, I saw my first 40 year term……….(A Wells Fargo Product) I think we are going to see those more and more. As I recall that product was quite common in Europe…………