June Market Update and Newsletter
Will the real estate market hit the summertime blues…or KEEP ROLLING ALONG?
As we roll into the summer season, many homeowners and buyers alike are asking the same question: Will the real estate market slow down a little as it usually does this time of year… or are we gearing up for a late-spring push?
Right now, we’re seeing a shift — one that’s been building gradually but is now clearly observable. Sales activity is definitely moderating, interest rates are continuing to rise, and mortgage applications have dipped over the past few weeks. Buyers are taking a more cautious, wait-and-see approach, watching not only where interest rates are headed but also where home prices might land.
We are definitely back in a more interest rate–sensitive market. I have mentioned multiple times in my blogs this spring that big swings in policy and economic factors were in store with this administration, and that is just what we have seen.
When rates go up quickly, buyer demand tends to go down, at least in the short term, and that’s exactly what we’re seeing now. Homes that may have sold in a matter of days earlier this year are now taking a little longer. In some cases, sellers are adjusting prices or offering incentives to attract serious buyers. There is absolutely no panic — just a noticeable softening.
This kind of quick market shift isn’t new. We’ve seen it before, especially since the pandemic. One moment, things are quiet. Next, homes are flying off the market. The real estate market has become more sensitive to economic news, interest rate changes, and shifts in consumer confidence than ever before.
Historically, the summer months — especially late July and August — bring a seasonal slowdown. People are traveling, kids are out of school, and real estate often takes a backseat to summer fun. But come September, activity usually picks up again. If rates stabilize or drop, we could see more buyers re-enter the market and we can expect these traditional trends to continue. .If rates continue to rise, the current pause may last a little longer. Either way, we expect things to stay dynamic — and keeping a close eye on these trends will be important for both buyers and sellers.
Bottom line? Real estate is always moving, even when it slows. If you’re considering making a move this summer or fall, give me a call, let’s talk strategy. The more you understand the market, the better positioned you’ll be to make smart decisions. Happy Summer! about homeowners
What you Need to know about Homeowners Insurance in the Summer
As the summer months approach, it’s a great time to review your homeowners insurance coverage. Summer brings unique risks such as storms, extreme heat, and more outdoor activities that can impact your home. To ensure you’re fully protected, it’s essential to understand how these seasonal risks could affect your property and make adjustments to your policy if needed.
Summer Storms and Flooding
Summer storms can bring heavy winds, hail, and flooding, but many homeowners don’t realize that flooding is not covered by standard policies. If you live in a flood-prone area, consider adding flood insurance through the National Flood Insurance Program (NFIP) to protect your home.
Heat-Related Damage to Home Systems
Extreme heat can stress your air conditioning, plumbing, and electrical systems. Make sure your policy covers potential breakdowns of these systems, especially your HVAC unit. It’s also important to ensure coverage for plumbing issues caused by the heat.
Liability and Vacation Coverage
Summer activities like pool parties can lead to accidents, so ensure your policy includes liability coverage for injuries on your property. If you’re going on vacation, notify your insurer if your home will be vacant for an extended period, and take steps to secure it, such as using timers for lights and asking a neighbor to check on things.
By taking the time to review your homeowners insurance, you can enjoy peace of mind knowing that your home and belongings are covered for the season ahead. Whether it’s adding flood insurance, ensuring adequate coverage for heat-related damage, or securing your home during a summer vacation, being proactive now will help you avoid costly surprises later. Stay protected and make the most of your summer!
Recipe of the Month | Chicken Watermelon Tacos
Recipe courtesy of Food Network Kitchen
Ingredients
Directions
- Heat a large cast-iron skillet over high heat. Add the tomatillos, jalapeno and red onion chunks. Cook, turning, until blistered, 5 to 6 minutes for the onion and 7 to 8 minutes for the tomatillos and jalapeno. Transfer to a cutting board; cool slightly. Chop the tomatillos and onion; seed and chop the jalapeno.
- Heat 1 tablespoon olive oil in a medium skillet over medium-high heat. Add the tomatillos, chopped onions and half of the jalapeno. Cook until the vegetables release their juices, then add the chicken, the juice of 1 lime and 1/2 teaspoon salt. Simmer until warmed through, about 2 minutes. Keep warm over low heat.
- Toss the watermelon, 1/2 cup cilantro, the sliced red onion, the remaining jalapeno, juice of 1 lime, 1 tablespoon olive oil and half of the cheese in a bowl. Season with 1/4 teaspoon salt and a few grinds of pepper. Warm the tortillas in a dry skillet.
- Add the remaining 1 cup cilantro to the chicken mixture. Divide among the tortillas; top with the watermelon salad, the remaining cheese and the avocado. Serve with lime wedges.
Monthly Home Maintenance Tips
- Clean your refrigerator coils to help it run efficiently during hot summer months when it’s working harder.
- Inspect window wells and basement drains to ensure they’re clear and ready for heavy summer rains.
- Treat your lawn for pests like grubs and ticks, which tend to emerge and spread in early summer.
- Flush your water heater to remove sediment buildup and improve efficiency during peak water usage months.
- Check your deck or patio for loose boards or nails and reseal wood surfaces to protect against sun and rain.
