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Beware click bait on the housing market portending doom.
Most news stories report on closed sales contracted weeks or months ago.
That information is ancient in a fast chancing market.
Boots-on-the-ground data provides a more accurate picture of real time market conditions.
An agent that is a fervent student of both the local market and market fundamentals is your strongest asset.
Consider these recent articles on market fundamentals.
🗞Fed official: Nashville housing market still ‘incredibly attractive’
“Nashville’s fundamental dynamics continue to make this an incredibly attractive market both to people moving to the community and to investors.”
-Laurel Graefe
Federal Reserve Bank of Atlanta
🗞Mortgage Rates Dip Below 5%; Buyers Get ‘A Second-Chance Opportunity
“Though still higher than a year ago, the current rate of under 5% means around a 12% reduction in monthly payments compared to when mortgage rates peaked at 6% just two months ago. Rates could turn upward but unlikely to retouch the 6% mark.”
- Lawrence Yun
Chief Economist Nat’l Assoc of Realtors
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Looking for a Nashville home?
Wendy Monday
Broker Village Real Estate
www.wendymonday.com
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