With low affordability, high interest rates, low inventory and high competition, home buyers and sellers often feel like they’re riding a roller coaster when trying to navigate the current market. It’s a challenge, and it doesn’t help that the message we hear online and in the media harkens back to the days when buying a home was easy, with low rates, plentiful options, and smile-and-handshake deals.

The problem with this message is that it is simply untrue. Buying or selling a home is the largest financial transaction that a typical individual ever makes, often occurring only a couple of times in a person’s life. This means it is and has always been complex and challenging, even in the “simpler times” of years past.

It’s easy to say “the previous generation had it easy”, but many older buyers who are navigating the current market might recall their experience of buying their first home in years around 1980, when mortgage rates topped 16%, and the average monthly home loan payment jumped 34% from a year earlier. That situation is definitely not “easier” than our current conditions.

Regardless of market conditions, working with an expert in the local market is extremely important. An experienced real estate agent will walk you through the process and help you avoid costly mistakes. As the #1 real estate agency in Door County, True North Real Estate knows this market, and how to find success on both sides of the sale. If you’re interested in buying or selling a home in Door County in 2024, contact True North Real Estate today.