Thursday, March 30, 2017 / by Brad Miklovich
At this point on the last day of March I do not see a slowdown in site, we have backlogs of buyers who continue to look for the right house. The stress for these buyer is interest rates! The fed has already raised the Fed Funds rate once, and the rate in which you borrow for a 30 year mortgage has not moved much, we continue to hover around 4%. This is a great thing for people still looking. It was last fall when we had thought the market may have topped out and we were set for a sideways balanced market, it seems the election and the stock market have bought us more time. Being in North Eastern Ohio where we continue to see jobs being created keeps us somewhat insulated as well.
The bottom line to this quarters real estate market update is, things are good! Very Good! If you are thinking about selling, wow now is the time, prices are great, days on the market are low, and buyers are looking. If you are thinking about a home purchase, rates are low, there can still be deals to be had, and our team carries alot of listings that can be seen but are not on the market. If you are thinking about that next purchase, sale or investment, contact us today. 216-287-6357