Happy St. Patty’s Day!  Your lucky leprechaun here with my weekly market update and open house offering.

 Market Update
Maybe it’s just me, but the market seems to have a more cautious feel to it.  Some homes are still selling in multiple offers, but more seem to be staying on the market longer and buyers are working harder to find something that’s just right for them, rather than settling for “pretty close”.  This is also a big week that could influence mortgage interest rates.  With the Fed meeting on Wednesday as the stock market continues to post all time highs and inflation posting hotter than expected numbers, folks are on pins and needles about what’s next.  I’m not a finance guy, but I’m in the camp that says the Fed won’t raise rates this week,…

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Hi all and happy Friday!  Here’s what’s happening in the market and this weekend with open houses.

Market Update

Not to sound like a broken record, but the market remains very active with buyers competing for the best listings, while the overpriced or poorly valued homes sit on the market waiting for price reductions.  Here are two things I’ve noticed as I’ve worked in the market this week:

  1. Underpricing – I wrote an offer for one of my buyers this week.  We’d seen around 20 homes so far, so we had a good feel for what you get at different listing prices.  The home they offered on felt very underpriced, based on their experience in the other homes we’ve seen.  We talked about it.  We all felt it was underpriced.  Yet, when it came time to make…

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