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

wendy@wendymonday.com

615.642.1313