The Rate Report

We have officially made it to the middle of March, and the spring real estate market is accelerating right on schedule. If you have been following the financial news this week, you know all eyes were on Thursday’s inflation report. As we head into the weekend, the market is catching its breath before what will likely be the most important economic event of the month next week. Here is a breakdown of what the data told us this week, what the Federal Reserve is likely to do nex

It is the first weekend of March, and the spring real estate market in Prescott is officially in full swing. Tracking mortgage rates this month is critical. Over my 30+ years in the industry, I have consistently seen how early March economic data sets the tone for the entire spring buying season. After a historic dip in rates at the end of February, the financial world has been eagerly waiting for a fresh batch of economic reports to see if those lower rates are here to stay.

If you read my update last week, you know we were hovering right on the edge of a major milestone. Well, this week, it finally happened. For the first time since September 2022, the average 30-year fixed mortgage rate has officially dropped into the 5% range. If you are looking to buy or sell in Prescott this spring, this is the news we have been waiting for. Here is a breakdown of what happened, why it matters, and what you should expect as we head into March. The Week in Re

Happy Friday! We are wrapping up a very exciting week in the real estate world. If you have been waiting for a sign that it is time to jump into the market, the news we received over the last few days might be exactly what you have been looking for. Over my 30+ years navigating the local real estate market, I’ve seen my share of rate cycles, and right now, the momentum is undeniably shifting in favor of buyers. Here is a breakdown of the fantastic news we received this week a