Summer is here and so are your plans for buying or selling a home this summer. But is it a god idea? Let’s see what experts have to say about what the market looks and where it’s going. Hi, I’m Maya Crelan Ray with David Lyng Real Estate, and I want to help guide you toward the best decision for your family and your biggest asset, your home. Looking at mortgage rates, Sam Khater, Chief Economist with Freddie Mac, says, “Mortgage rates continue to inch downward this week, but are still significantly higher than last year, affecting affordability and purchase demand. Heading into the summer, the potential homebuyer pool has shrunk and supply is on the rise and the housing market is normalizing.” After the way the market has looked the last couple of years, this is a welcomed relief to many. With less buyers and more sellers out there, there is hope out there for the buyers that are staying in the market. In addition to this, data from Freddie Mac suggests that mortgage rates have hit a plateau in the last 6 weeks, giving even more hope to buyers that fewer people will see themselves being priced out of the current market. That’s where we are at right now, keep coming back as I break down the market even further! I’m Maya Crelan Ray with David Lyng Real Estate here to help with your home buying and selling needs. And as always, I hope you have an amazing day.
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Local Real Estate • July 19, 2022
National Real Estate Market Update – July
by Maya Crelan Ray
Local Real Estate Santa Cruz Real Estate Market Update – February 2023 What’s up Santa Cruz, I’m Maya Crelan Ray with David Lyng Real Estate. Let’s look at what’s happening with the Santa Cruz California Real Estate market. At the time of this recording, there were 35 active single family listings in Santa Cruz, 20 pending homes, and 17 homes that sold in January. Homes sold for […]
Local Real Estate A Look Into The 2023 Housing Market What is the 2023 housing market Forecast according to the experts? Hi, I’m Maya Crelan Ray with David Lyng Real Estate. If you are in the market to buy or sell this year, what can you expect from the current housing market? According to Housing Wire, “The red-hot housing market of the past 2.5 years […]
Local Real Estate Home Inspections 👀 When Selling Your Santa Cruz Home 🏠 When and why should you consider having inspections done prior to listing your home on the market? In our area is it customary for the buyer to pay for inspections. But when would it be advantageous for a seller to do them prior to going active, here are a few examples as to why having […]