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The Wendy Monday

How's the market?



Here's how it feels to me on Monday February 13, 2023

-Wendy


Mortgage Rates are DOWN

Rates hover around 6%, and homebuyers are back in the market in time for prime home buying season.


Mortgage Applications are UP

A leading indicator of sales is mortgage applications. They jumped a whopping 7% last week, indicating that buyers are making offers.


Showings are UP

This is anecdotal, but we witnessed our first “stand in line” moment at a showing last week. It was a great price point for location, so not surprising that lots of people were interested, but still a surprise after this winter’s lull.




Questions about Nashville real estate?


Wendy Monday, BROKER


Village Real Estate



615.642.1313

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