Jacob Fox/Realtor

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

With mortgage rates rising, serious buyers want to purchase now before rates climb further. That means if you’re thinking of selling, listing before the end of the year could provide you with the best chance to get in front of competitive buyers. Do you plan to this fall? Let me know in the comments below.


(509) 438-0894

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Housing Challenge or Housing Opportunity? It Depends.

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically.

There are many reasons for the limited number of homes on the market, but we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale.

The Opportunity

This lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. According to CoreLogic, the average home has appreciated by more than $50,000 over the past year. And for many...


(509) 438-0894

Housing Challenge or Housing Opportunity? It Depends. The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically.