Here’s a real estate market update for Mid-October 2018.
First, that Pizza is fantastic, and we all need to eat there.
What’s happening is that home values continue to creep upwards, but more slowly than before.
Homes are staying on the market a few days longer than they were in 2017 or through the first few months of 2018, and that’s a sign of a healthy economy.
As interest rates go up, purchasing power (especially under $350,000) will come down, and that will anchor prices around current levels.
I’ll do my next update in Mid November, and have that done for you shortly.