03/22/2023
Every experienced agent knows that all real estate is local and while you can look at trends on a national basis, it takes a knowledgeable professional to assess the local market, even on a neighborhood basis, to determine what a property will reasonably sell for currently.
The average 30-year fixed-rate mortgage for the last 50 years is 7.76% which is less than the current rates and Home prices have experienced 7.16% appreciation for the last fifty-five years compared to 4.3% average inflation for the same period.