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.”
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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