Can you believe its 2017? It is true the older I get the faster time files. This last year was no exception. We had another record year of 223 sales. Thank you for helping us achieve these sales. Your referrals accounted for 90% of our business. I am so very grateful to each of you and I promise to continue to do our best to take care of you and your friends and family.

           The home selling process was a difficult time in 2016. We saw some big changes in lending and appraising that has really lengthened the whole transaction. We lost almost half the appraisers in the county due to new state regulations. Lenders now require extra time to process loans due to Federal Regulations. If we had some of these restrictions in place 10 years ago we might have avoided the mortgage meltdown.

           So where is 2017 headed? I think we will see more balance in the market. Competition for buyers on homes below $250,000.00 will stay much the same. Inventory is still low below $300,000. Above $500,000, there is plenty of inventory and the market is slowly improving. We still need more high paying jobs. Interest rates are forecasted to climb, but I think they will rise slowly. Today they are around 4.25%. We may see them hit 5%. Here’s the kicker, they are still low! In the 1980’s they were 15-16%. Early 2000’s we got to 8-10%. So 4-5% is still a great rate.

In summary, it’s going to be a strong year. If you are a move up or lateral buyer, it’s a good time. If you are wanting to move down, the challenge is finding something. Call us and we can be very specific and help you or your friends.

           Thank you again for all your referrals and support. We have Free Notary and Fax Services here for you. Come on by and say “Hi”. 

Happy New Year 

Brian & The Team.