Things Are Looking Up

“We are just waiting for the election before we start seriously looking”

“There is always a lull in activity during an election year.”

“We will never see interest rates that low again.”

All of this and more is what I’ve heard in the past few months, and most of it seemed to be true. 2024 was a slow year for a lot of realtors for the reasons listed above. But the election has passed and people are at the ready to make moves.

Interest rates have already dropped again. Not by much, but it is significant since they weren’t predicted to move again until spring.

My experience in the days since the election is that the market is picking up pace rapidly. A home that sat on the market until expiration last year, received 3-4 showings in the week following the election. The aforementioned interest rates are expected to continue to drop. People are ready to start buying and selling again, the lull is waking up.