May Update

Happy May! Here is the word on the street about the real estate market right now. According to the Case-Shiller update that reflects past data, home prices have gone up. This is due to lower inventory and increasing buyer demand. However, since the time the data was evaluated, mortgage rates have jumped nearly a full percentage point and inventory continues to increase. Our take is that we are likely to see future updates (based on current data) show an easing in price growth. If you have questions about what is going on with home prices in your neighborhood, we are happy to give you our thoughts! Give us a call. 541.408.3781