What's going on in the real Estate market right now?
Let me start by saying it was a busy summer! Prices were down,interest rates were down and buyers were ready to buy.
Not many easy deals to be had. Appraisals that came in low were plenty. Buyers were tougher about inspections. Getting a loan was still not easy for many.,yet still the top realtors remained busy closing deals. The price was right on most.
It was a hot summer,beautiful but smokey with all of the fires. Now,it's sunny and cool. Beautiful fall colors even a touch of snow on the mountains. The buying frenzy seems to be slowing down some. Not sure why.
Tourists are still here,weather is nice,could it be the elections?
I finally had time to hit the gym today and saw several other realtors there as well-that's a true sign of the season slowing some just before we get going again for the hunting and ski season.
I see the market as steady right now. The future is unsure to me with the election coming up. Even with a slow down,people still need a place to live.
It seemed like we had many second home buyers again this year. Mountain homes once more were selling! I hope it continues.
Posted on Wed, October 17, 2012
by Pam McCutcheon filed under