How’s the Market

Real Estate Market Report for Midtown Montgomery for the week of April 6, 2025

Today’s Midtown Market Report brings a ray of sunshine to an otherwise very gloomy economic outlook:

Pending sale ratio approaching 10% after lingering much lower for many weeks.
A clear overall balance of supply and demand in the $0-300,000 range.
A real opportunity for investors to get good buys in the $100-150,000 price bracket, where the “rent sweet spot” of $1000-1250 occurs.

What’s more, the uncertainty in the stock market has pushed mortgage rates down. It is possible today to obtain a 30-year fixed rate conventional mortgage for 7.25% and 5.75% for FHA and VA.

As my wonderful mortgage lender friend used to say, “When the news is bad, that’s good.”

Happy week and thanks—we appreciate you!