The Fed Just Raised Rates. Central Ohio Didn’t Flinch. On September 16, the Federal Reserve did what almost nobody forecast a year ago: it raised rates, a quarter point, to 3.75%–4.00%. The vote was 12–0. Mortgage rates had already front-run the move, climbing to 6.95% — their highest reading in more than a year. Here’s […]
By Kyle Alfriend | The Alfriend Group at RE/MAX | Central Ohio The Federal Reserve has a new sheriff. His name is Kevin Warsh, and after being confirmed 54-45 — the most divisive Fed vote in history — he walked into his first press conference June 18 and made one thing unmistakably clear: the days […]
Let’s get started with an uncomfortable truth… If you’re patiently waiting for mortgage rates to return to 3%, you’re not being patient. You’re being nostalgic. And nostalgia is a terrible investment strategy.The question isn’t “Will rates plummet to 3%?”It’s “What does a stable 6% world mean for smart buyers and sellers?” Big Picture Most major […]
The Central Ohio residential real estate market in December 2024 remains dynamic, shaped by several key trends: Inventory and Demand:We continue to see a booming seller market. This is primarily due to a combination of two factors. It is the simple law of supply and demand. First, supply remains low as many homeowners choose to […]
