How Have Increased Rates Affected the Market?



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Hey, everyone. Welcome back to our video real estate blog.

How has the bump in interest rates affected our local market?

Because buyers wanted to lock in the lowest rate possible, the increase actually caused a surge of activity. We are seeing multiple offers on properly priced homes. In fact, around 4 percent of homes are actually being sold at above list price.

It’s a great market because both sellers and buyers are motivated. If you have any real estate questions please give me a call, we are a zero obligation company!