Local Market Update – March 2021 Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates. Existing home seller and new construction
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Local Market Update – February 2021 Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors
Read more →Local Market Update – December 2020 December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave
Read more →Local Market Update – September 2020 Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales
Read more →Local Market Update – August 2020 The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the
Read more →Local Market Update – May 2020 While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering
Read more →Local Market Update – April 2020 Uncertainties in the market surrounding the coronavirus have presented a number of challenges within the real estate industry – an industry that has traditionally relied heavily on personal contact and opening ones’ homes up to the public. Now, with fears of
Read more →Local Market Update – March 2020 As COVID-19’s impact spread across the country in March, the stock market declines started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards
Read more →During this unprecedented time, Peak Swirles & Cavallito Properties is doing our part to help stop the spread of COVID-19 in our community. For the safety of our clients, agents and staff, our physical office is closed and open houses and in-person showings are postponed as we
Read more →Local Market Update – February 2020 As we progressed through February, the actual and expected impacts of COVID-19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month. As the stock market declined, so did mortgage rates, offering
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