I’m sure you watched the Super Bowl! I was really looking forward to the snacks and commercials. The game itself felt a bit one-sided, and I couldn’t help but feel sorry for the Chiefs—it would have been amazing to see a team win three in a row. Scott Kliesen didn’t share my sentiment, though; he’s not a fan of the Chiefs, just like he wasn’t a fan of the Tom Brady-era Patriots.
On the real estate side, there’s some good news—interest rates on a 30-year fixed mortgage dropped slightly this week, now sitting at 6.75%! This is a positive development, though Federal Reserve Chief Jerome Powell mentioned in his semi-annual report to Congress that rate cuts will have to wait until inflation cools further.
Sales have been trending upward over the past few weeks:
- Feb 4-11: 1,147 homes sold
- Jan 27 – Feb 3: 1,090 homes sold
- Jan 20 – 26: 1,024 homes sold
As you can see, sales are steadily increasing each week. With spring approaching, we can expect even more growth in the market!