November Update: Mortgage Forecast, $1 Billion, & Holiday Plans
How are you holding up this holiday season, dear friends?! I hope you’re all doing well and getting ready to spend some quality time with family and friends (and good food). To me, the holidays are all about sharing positivity, hope and smiles so this month on the blog, I share:
Five local non-profits that you should consider donating money or time to this year
Along with a list of small businesses to shop at this weekend for Small Business Saturday on Nov. 28th!
This Thanksgiving I’ll be spending time with my parents and I can’t wait for a relaxing weekend.
The local real estate market remains steady, but isn’t nearly as hectic as it was this summer, so if you’re looking to buy or sell then let’s talk! I’m so proud to share that our Max Broock Realtors Birmingham office has hit 1 BILLION dollars in sales volume for 2021; and is the first office in the state to do so! My team and I work so hard for our clients day in and day out, so I’m looking forward to celebrating with everyone.
Last but not least, I asked my good friend David Wechsler, The Mortgage Consultant, to share a Mortgage Forecast/Update for you all, so here we go!
There is a lot of contradictory information regarding rates right now. Some say they are going to go up and go down, but we believe current mortgage rates will remain stable and may tick up in 2022.
Currently, we are seeing more out of state buyers looking to move to or acquire second homes in MI due to the cost of living and the increased frequency of natural disasters.
We are seeing more single “unmarried” home buyers due to marriage rates being down.
I can’t wait to see what the rest of Q4 holds and look forward to working with you all soon.
Until next time, Kellie