It’s been a couple of weeks since we last checked out what’s going on in the markets and a lot has happened, but real estate agents can be thankful they’re not stock traders on a wild ride right now. The housing market just keeps humming along. Let’s find out what happened.
The Federal Reserve concluded its January meeting this past Wednesday. They kept short-term rates where they are right now, but that much was expected. The difference is in the details.
When you sell a home in the spring and summer, you have nice weather, longer days, sunshine and the impending school year to motivate buyers. When you sell a home in the winter, there are a lot more factors working against you, like shorter days, dreary skies, snow and freezing temps.