In recent years, I’ve made a concerted effort to view my life and the world around me from a positive lookout. Grateful for all the good things and letting go the stuff I can’t influence much less control. It works – amazingly well, in fact. But sometimes it’s harder to pull off than others.
Lately, with all the bad news coming out of Washington and Eastern Europe, continued Covid variants, fires, floods, heatwaves – to say nothing of interest rate hikes … Wow! It’s been tough.
But there’s always something good afoot if you look for it. So, in that frame of mind, the following …
Market Balance
It seems things are finally slowing down – a little. Rising interest rates have blunted the purchasing power of many buyers and this is beginning to show in pricing and days on the market statistics. Inventory is still tight and lots of buyers are still shopping, but supply and demand are coming, if not actually into balance, less out of balance. This makes buying easier – less of a frantic bidding war, and possibly not quite so expensive.
Change Will Come
There’s a quote going around real estate circles these days: marry the house, date the rate. The house purchase is a long-term deal like marriage, but the mortgage rate can change, like dating. If rates go higher, you’ll be glad you snagged a house at the rate you did. When rates go down – and they will because they always do eventually – you can refinance. Playing the long game means buying a house is never a bad idea.
VILLAGE Developments
We are bigger, badder, and better able to serve you than ever before! VILLAGE has long been among the largest locally-owned firms, but via two recent mergers, we have joined forces with Parks and Pilkerton, to become the largest by far – both in dollar volume and number of transactions. As a VILLAGE agent, I now have more than 1,600 fellow realtors in-house with whom to share expertise, advance notice of listings and buyer needs, and referrals. Three brands, all one company. There is strength in numbers.
Additionally, VILLAGE-Parks-Pilkerton has joined Leading Real Estate Companies of the World, a global affiliation of over 500 brokerages. This offers us access to nationwide and international marketing for our listings, and access to incoming and outgoing realtor referrals. This affiliation will become more and more important as Nashville continues to boom and assume its place on the international stage.
The future at VILLAGE looks good!