Month over Month - October 2021

[Alan Walker]

Median home price in all four counties in the mid-to-high 20% range. In July, we were closer to 30% year over year, so this slight decline is to be expected with seasonality at play. The market fundamentals of supply and demand, low inventory and still amazingly low mortgage rates are keeping this train moving. I doubt inventory will be substantially up until spring and demand isn’t going anywhere, so the big factor is rates.

How will the market react to GASP! 4% mortgage rates?

Is the end near?

Were the preppers right and the world is coming to an end?

Should I have stayed in that doomsday cult that said the end was coming but kept moving out the date?

Is a gun, silver or water going to be most valuable in this wasteland we’ll be in?

SO MANY QUESTIONS.

For now, know that owning real estate is a great investment and that isn’t changing anytime soon. K.Byeee.