What's Going on In Real Estate?

What’s Going On in Real Estate? Interest Rates, Buyer Power & Strategy Recent shifts in interest rates are impacting buyers and sellers across the housing market. In this video, we break down what’s driving current real estate trends, how interest rate fluctuations affect buying power, and the strategies both buyers and sellers can use to navigate today's market. What You'll Learn in This Video: 00:00 The "Elephant in the Room": Understanding recent interest rate movements and market shifts. 01:44 Contract Cancellations: How changing rates affect pre-approvals and why it's critical to recheck with your lender. 03:43 Decreased Buying Power: What a 1% rate change actually looks like for your monthly mortgage payment. 06:04 Creative Financing & Builder Incentives: Comparing price reductions vs. interest rate buy-downs. 09:10 The Danger of Aspirational Pricing: Why realistic listing strategies matter in a changing market. 11:03 Advice for Buyers: How to find market opportunities, negotiate below-market deals, and why you "marry the house, date the rate." 🏡 Thinking of buying or selling in the Tri-Cities? Contact the Kenmore Team today: https://www.kenmoreteam.com