February 2, 2024

Should You Wait Until Spring to Sell Your House?

Advice, Real Estate, Seller / By Heather Montalbano - RE/MAX Select

For those contemplating a move in the coming year, the question often arises: when is the right time to act? Contrary to popular belief, there’s no need to wait for the spring homebuying rush. Here’s why selling now could be your best move. Benefit from Currently Lower Mortgage Rates Mortgage rates saw a peak of 7.79% last October but have since dropped to their lowest since last May as of January. This reduction in rates means that the cost of moving is more manageable now than it has been in recent months. The decline in mortgage rates is also drawing […]

Should You Wait Until Spring to Sell Your House? Read More »

Foreclosure Rates Remain Below Historical Norms

Market Trends, Real Estate / By Keith LaBrunda - RE/MAX Select

Noticed headlines recently about rising foreclosures in the current housing market? These reports might stir some concern about the future market conditions. However, it’s crucial to look beyond the sensationalist titles for the complete picture. Understanding the Reality Behind the Headlines The narrative around an increase in foreclosures often lacks context. Media reports tend to compare recent figures against periods of historically low foreclosure rates, painting a more dramatic picture than warranted. During 2020 and 2021, foreclosure moratoriums and forbearance programs significantly aided homeowners, helping them navigate through tough times without losing their homes. The cessation of these programs naturally

Foreclosure Rates Remain Below Historical Norms Read More »