At this moment, the market is feeling very much like a normal market before the days of monumental up-bidding, across-the-board contingency waiving, and 20-somethings finding $500k in someone’s attic. More like, maybe, 2013. Meaning there’s been a lull at the end of summer as people get back into their scheduled lives, and another one around Thanksgiving so we can all take a breath and acknowledge our gratitude. How utterly civilized! The best news is that interest rates have been slowly, quietly ticking downward after hitting more than 7% for a short period of time. They’re now in the mid-6’s as anxieties seem to be calming too. All things considered, this is a good time to buy or sell and avoid the spring rush. Happy Fourth Quarter To You!
Market Snapshot: September 2022