The Bohnker Group
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Professional Purpose
The Bohnker Group’s professional purpose is to help you, our buyers and sellers, to make the most informed decision on your biggest financial investment. We will educate you on the macro market shifts, inform you of specific hyper-local market trends, and advise on all possible solutions to meet your real estate goals. Your representation matters. We have over 15 years of experience and backing us is the Jameson Sotheby’s International Realty iconic brand that brings nearly 300 years of trust, recognition, and respect. The name alone opens the most prestigious of doors, creating opportunities and connecting affluent sellers and buyers worldwide.
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In times like we are in now, there is a tremendous amount of uncertainty in the housing market. Our goal and mission, as real estate advisors, is to provide you with insight and information so you can make the best decision for your family.
We believe the 3 biggest questions buyers & sellers face today are:
1. Will mortgage rates keep rising?
2. What’s going to happen with home prices?
3. Should I buy a home right now?
One of the biggest factors of the housing market today is the rapid increase in mortgage rates. And as that volatility continues, many people are asking “are mortgage rates going up?” No one has a crystal ball, but let’s breakdown and understand why mortgage rates have more than double since the start of this year. INFLATION.
The Federal Reserve is working to slow inflation by decelerating the economy, which is having a big impact on mortgage rates. Until inflation gets under controls, we may see interest rates stay high or even rise higher.
If you are waiting for mortgage rates to drop, you might be waiting awhile. Let’s take a look at the facts, as of today. If you are a buyer, there is still opportunity in this market. And especially as we move into the fall and winter months where buyers historically have more negotiating power.
Home prices are driven by supply and demand. Here is a look at why we are seeing a large slowdown in home price appreciation in the last few months.
We are at an inflection point, a turning point, in the real estate market.
The rapid rise in mortgage rates and persistently high inflation is changing the housing market. The pace of sales is slowing which will continue to create more inventory in the market. However, this does not mean home prices will depreciate. Experts are projecting home prices to appreciate in most markets in 2023. But as we’ve mentioned before the real estate market is like the weather forecast…it is hyper-local. And its critical in today’s environment to work with a trusted advisor who can give you all the data points in your local market and guide you through buying and selling process.
HOUSING MARKET FACTS & DATA: https://drive.google.com/file/d/1OMMCZhP1zFvThDAqlEbSU3tO7SotNDoX/view