Impactful Real Estate News
Your Home Sold Guaranteed Realty Advisors
Hello again everyone! In case you blinked, the first quarter of the year is over and it is already April! We guess time flies when there is world unrest, huh?
Anyway – we do have some interesting news regarding the market this month. We have seen a significant rise in interest rates that began in mid January and has really upended the plans of many buyers. Where 30 year loans were around 3% when the calendar turned to 2022, we are now seeing those loans in the mid 4% range. Despite this, it is still a sellers market locally as inventory remains very, very low. So what does this mean in layman’s terms?
Well if you are considering selling, it means you should either speed up your timeline and get your home sold ASAP before rates rise much more (which they are expected to at least in the short term), OR delay your plans and wait to see what happens later in the year, if you can. On the buyer side – you definitely need to speak with your lender and probably get a new pre approval letter taking into account the increased rates. Rates are still historically fairly low despite the increase so it remains a good time to buy if you can afford to!
Click link below for full newsletter including our proud association with The Wounded Warrior Project and how you can help us support This Worthy cause.
This is where you can help!
If you or anyone you know is considering making a move, we would like to offer them a FREE No Obligation to Move Consultation to discuss just how they can make their move, get what they want and do it with the least hassle.
YOUR REFERRALS HELP VETERANS—keep them coming! If you would like to find out more about the Wounded Warrior Project, please visit their website at: https://support.woundedwarriorproject.org
We want to make it easy to refer your friends, neighbors, associates, or family members considering making a move. You can go to www.BlakeTeamReferrals.com and enter their contact info online or forward the link to who you know considering a move.
Just give me a call or pass my number on to anyone you know considering buying or selling. My number is (718) 412-9975.
Thank you so much for checking out this month’s Home Ward Bound and supporting our Go Serve Big mission. Have an awesome Month!
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