As Election Day approaches, many wonder how the results will impact the housing market. This blog post explores the various ways elections influence real estate, including market uncertainty, tax policy changes, interest rates, and local community development. Whether you're a buyer, seller, or just interested in market trends, understanding these factors can help you navigate your real estate journey with confidence.

The real estate market has changed over the past year. One of the biggest issues facing anyone considering a home purchase or sale is rising interest rates. After enjoying years of mortgage rates in the 2-3% range, many borrowers are shocked to see a conventional 30-year fixed loan offering rates as high as 7 percent. While historically reasonable, this increase is having an impact on the real estate market. If you are considering a move, it’s important to remember that your lifestyle still needs to take precedence over these temporary changes.

Overall the Middle Georgia market is strong. Inventory numbers are down driving multiple offers. The average number of days a home stays on the market has risen and the number of sales is down due to the lower inventory of homes available…

The real estate market today is quite different from what it was just a few months ago. Mortgage rates have risen dramatically which impacts the borrowing power of home buyers. The frantic pace of the past few years has also slowed with homes staying on the market longer than we saw during the last few years.

The events of the last few years disrupted almost every facet of our lives and the real estate market was no exception. Buyers and sellers across the country have experienced a more volatile and unpredictable market and are wondering if we will ever return to normal. Will the tougher economic times ahead help balance the real estate market?

The real estate industry is in for a wild ride over the next year, according to Realtor.com's 2023 Housing Market Predictions Report. This forecast predicts an overall positive outlook with ongoing growth, but it also acknowledges that several regional markets are more volatile than others and may not experience consistent gains.

Over the past few years, most of the US has been in a strong seller’s market. Historically-low interest rates coupled with rising incomes resulted in buyers who were ready and able to buy a new home. It was a crazy time when sellers needed to do little more than put a sign in the yard to attract multiple offers.

Since the beginning of the year, the US economy has been cooling off. After several years of strong growth, rising inflation and energy costs are affecting US households in ways not seen since the 1970s. For those who are actively involved in the buying or selling of real estate, there is confusion and fear about how the economic slowdown will affect their options.