With the advent of fall in Southern California, we’re seeing continued volatility in the real estate market. Interest rates have continued to increase, and are now close to 7%. As a result, the lending market is tightening, and there’s a growing disconnect between buyers and sellers. Sellers aren’t dropping prices because they’re looking for a return close to what they might have seen their neighbor get six months ago. Buyers, meanwhile, are wanting lower prices to tame down the higher monthly mortgage payments they’ll have to make because of the rising interest rates.
Uncertainty in the market can be scary. We get that. But our combined experience and expertise navigating complicated buying and selling scenarios have kept us in the game. We continue to close deals and deliver for our clients. Let us help you realize your buying or selling goals, too!
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