Hello! I hope your holiday weekend was a smashing success... I certainly have to get back into exercising now, but I think it was worth it :)
So... for the real estate world during the Holidays. Hmm. Quiet in Mendocino County. There was activity, but not much, before Thanksgiving... and a little is stirring today-- Monday-- but I think it will take another day+ to gear back up. However, I do think we shall be seeing activity through the winter, and not for the first time in Mendocino County. In other states, the weather simply prohibits certain real estate (showings/etc) from taking place, but here we see a decline and change-- but still forms of activity. Sometimes properties that are a bit more challenging receive further attention and finally offers-- and some investors are scrambling to exchange before time runs out, which becomes advantageous to a seller...
Other than that, I have seen the interest rate creeping up a bit... and, so, we truly do not know if that was the bottom for the interest rates, or perhaps we shall briefly see them again. If we do, it probably will not be for long. Not that any of us forsee rates going sky-high... but slowly heading back up? Seems natural...
Okay! Back to work. More soon.
-Karena Jolley
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