“If everyone is moving forward together, then success takes care of itself.” – Henry Ford
Happy Friday, friends! The sizzling hot real estate market was cooled by interest rate hikes, however, we are seeing mortgage rates level and even come down a bit. As the market shifts, watch the Millennials buyers take over the scene who are still aggressively seeking to buy fabulous properties (Gen Y / Millennials 25-39 years old) and Gen Z on their heels (9 – 24 years old).
Although interest rates have cooled the chaos, there is still a lack of quality inventory and not enough new development in the highly coveted coastal regions. It will be interesting to see how the continued lack of inventory will affect prices moving forward. If anyone is going to the track this weekend send me a text, Tom and I will be there Saturday with the kids and we would love to see you!