How an Expert Can Help You Understand Inflation & Mortgage Rates
Posted by The Cobb Group on
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Notes from The Cobb Group: Our market is certainly affected by rising rates and inflation, however our market is still unique compared to primary markets around the country. We met with Sam Cavanaugh, a top local lender with Mortgage Network, Inc., this week and concur with his thoughts on the current real estate market. "I do firmly believe the real estate market from a supply and demand perspective is very healthy. If anything is unhealthy about it, it's the lack of inventory which is not forecasted to abate anytime in the near future. Waiting to buy real estate until rates or prices drop is a risky play. Prices could and probably will keep rising, and rates could continue to rise from here for the forseeable future. If rates were to fall, one…
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Under Contract on the Beach! Our buyers had one goal in mind - get to the beach! This S Forest Beach condo is located in a small, quiet community that is close to everything.
Everywhere I go people keep asking about my thoughts on the local real estate market. Is it going to flatten? Will home prices go down if we wait to buy? How is rising inflation, and how are the interest rates affecting the local real estate market? Should I buy now? I don’t want to miss the market, should I sell now? First of all, we don’t have a crystal ball. There are so many factors involved in this equation that we can’t predict but we can look towards the past. History is the greatest predictor of the future. That being said, we are in unique times, and we would never have been able to predict that a worldwide pandemic would spur the wild west type real estate market of the last two years! As the world settles down, history is still the greatest…