Real Estate Market Today isn’t Scary

There’s nothing scary about this real estate market! 👻
Recent news headlines have been filled with stories of skyrocketing interest rates, bidding wars, and talk about a housing bubble bursting.
It’s easy to be spooked by those headlines, but I tell all of my clients to remember that the market is complex and there are always opportunities to be found in every market.
Here are three reasons to have no fear if you’re buying or selling this fall:
1) Mortgage rates are still historically low.
Yes, they’ve increased in the past year, but they are still comparatively low. Rates in the United States averaged 7.74% from 1971 until 2023, reaching an all time high of 18.63% in October of 1981 and a record low of 2.65% in January of 2021. Buyers who purchase now can begin building equity and refinance if and when rates dip.
2) Opportunities for investors.
In times of economic uncertainty, people may choose to rent rather than buy, which can create opportunities for real estate investors in the rental market.
If you’ve been looking to diversify your investment portfolio, there are a lot of options in real estate right now — residential properties, commercial real estate, vacation rentals, or even real estate investment trusts (REITs). With careful research and guidance from your real estate agent, loan officer and financial professional, you can identify opportunities that align with your long-term goals.
3) Housing will always be a fundamental need.
Regardless of market conditions, housing remains a fundamental need for individuals and families.
Housing demand is driven by population growth, changes in household composition, and economic growth. There will always be people who need to move, even if the market does tend to be cyclical.
DM me if you’re interested in setting up coffee date to chat about your goals. No pressure, no strings attached!
About the Author
Alina Araujo

To me, real estate is much more than buying or selling a single home, condo, or piece of land. It is about developing long-lasting relationships with my clients and becoming their trusted real estate advisor for whatever their current and next chapters hold. That means helping my clients maximize their most important investment regardless of the market I promise to provide the market information you need to make important real estate decisions and help you achieve your unique goals.

My passion is providing peace of mind and stress reduction throughout the buying or selling process. My former background in mortgage experience provides me “behind the scenes” insight so I can guide you through your transaction with ease. For buyers, I can help you find your comfort zone in terms of price range and monthly budget. For sellers, I put my marketing hat on and help you find the most listing dollars in your property. My team and I put our expertise to work, combining the latest technology and marketing techniques, to market your home utilizing cutting-edge techniques. 

If you are relocating to the greater Seattle area, the Eastside, or throughout King and Snohomish Counties, consider me your go-to resource. I have lived here for almost 30 years and there is just so much to love! Regardless of whether you are just starting your area research or need a home ASAP, I am here, ready to help. 

When my focus is not on my clients, it is on my two kids, my family, and my French Bulldog (named Panda for his awesome black and white coloring). We love to travel, so if you have a recommendation, we are all ears!

I look forward to connecting with you.