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Is the Real Estate Market About to Crash in Lewis County, WA?

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Market Crash

Are Home Prices About to Drop in Lewis County WA?

Is the market about to crash? Have mortgage rates finally hit their peak? Will we see some sort of “normalcy” come back to the market?  While no one can say for sure, we can look at what experts are saying about the market!

Interest Rates & Buyer Hesitance Lead to Concerns of Market Crash

Hey, it’s your favorite bearded realtor, Eren Millam with Premiere Property Group, and I know the state of the market will play a big role in what you decide to do with your home.  The first thing I want to point out is that with interest rates rising, it has many buyers concerned about entering the market.

Changes in the Market

But the market has also brought in a number of new agents, over 150,000 from 2020 to 2021 according to Homelight. These agents have not worked through markets that have seen higher interest rates.  Many homeowners purchased at a time of interest rates over 12%.

Gaining an Edge in a Shifting Market

We’ve seen & experienced a lot of different kinds of markets, including the 2008 crash. And we are constantly looking at expert advice, analyzing the market, and giving the best expert advice that we can to our clients to help navigate the market.  Rates are no where near where they have been, and normal is an ever changing target, but we are always here to help you navigate any market we may face, just give us a call and we can tell you more about our market. Again, I’m Eren Millam with Premiere Property Group here to help with your home buying and selling needs. And remember, Extraordinary Service delivers Extraordinary Results.

If you’re thinking of buying or selling your home in the west Lewis County area, contact me today! I’d love to hear from you! Eren Millam – Managing Broker Premiere Property Group, LLC WA License No. 26933

Chehalis, WA 98532 | Centralia, WA 98531 | Adna, WA | Napavine, WA | Onalaska, WA 98570 | Rochester, WA 98579 | Vader, WA 98593 | Winlock, WA 98596 | Boistfort, WA 

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