Standoff in Real Estate

Dated: October 31 2023

Views: 37

 I completely agree with this article covering the market standoff that is occurring right now.  With interest rates having gone up so much in such little time, the prices of homes would typically be falling by now-- but they are not much where we live in Northern California (Mendocino County).  The sellers are reluctant to reduce prices, especially when they do not need to sell.  And many are going to wait close to their desired price and try again in the spring.   This has left buyers with the tough decision-- pay a higher mortgage for now, work towards a buy-down to temporarily keep the payments lower, or wait and see what happens to the interest rates...

referring to this article:

Karena Jolley, Full-Time Realtor at
RE/MAX Gold Selzer Realty & Associates
707 354 2999 cell
dre# 01482063

Blog author image

Karena Jolley

Karena has been a full-time Realtor since 2005 providing extensive knowledge of homes and land in the inland Mendocino County and Western areas of Lake County with a consistently high production recor....

Latest Blog Posts

New study regarding the decommissioning of Scott Dam

California Department of Water Resources is committing $700,000 towards a study regarding the decommissioning of Scott Dam.  We all hope that what comes from this is movement towards

Read More

Ukiah-- new water fees

Ukiah is facing new water fees, please read this article from MendoFever.com

Read More

No More Gas Appliances

Moving forward, all new construction homes in California must be all electric and ideall with solar, so the gas appliances will be phased out in the coming years.  Some have preferred a gas

Read More

Closing Cost informational flyer provided by C.A.R.

Very important information from C.A.R. about what Closing Costs really are and why they add up...  ;

Read More