January ended with 30 year interest rate averages of 6.69%. After four months of rates above 7%, a second month in a row of rates in the 6’s helped thaw our frozen market.
After it seemed the heat of summer would never end, all of a sudden fall is here. October brings cooler weather and by Halloween we’ll be eyeing our first chance of frost, making the next few weeks the perfect time to tidy up your yard and plant seeds (or bulbs) for next spring. Be it procrastination or my love of a deadline, making a day of it is sometimes the best way to get it done.
Time equals freedom, and long commutes just add to the time that working to make a living takes from what could be family, fun, rest, or sleep time.
When people start to really contemplate their commute times and put a premium on their distance from work, that creates demand in urban neighborhoods.