Blog
Rising Interest Rates Predicted to Cool Frenzied Market
House hunting in the first quarter of 2022 was a full-time job for buyers trying to compete in a red-hot market. Despite rising interest rates and record-high home prices, buyers continued to strive for the American dream of homeownership.
McGrew Agents Earn LBOR Awards, Landis Installed as 2022 President
The Lawrence Board of REALTORS® announced its annual awards last week. Two McGrew Real Estate agents received prestigious service awards for their exemplary work in the regional real estate market.
Looking Forward: What to Expect from the 2022 Housing Market
Last year was one of the most challenging in history for house hunters. A shortage of inventory due to astronomical demand and lack of homebuilding fueled bidding wars and drove listing prices up. Somewhat offsetting the higher prices was that millions of Americans were able to capitalize on historically low interest rates and afford homeownership. This year is starting off to be more of the same, but experts predict that 2022 will get us closer to a sense of normalcy in the market.
Ready to Buy a Home in 2022? Here Are the Steps!
If you are considering getting in the game, it’s important to prepare yourself. Here are the steps to prepare for homeownership.
Horse-Drawn Carriage Rides Coming to Downtown Lawrence
It’s a holiday tradition among many to enjoy the twinkling lights of Downtown Lawrence with a mosey down Mass Street, and now there is a more festive way to enjoy the most wonderful time of the year – by horse-drawn carriage. Cozy up under a warm blanket and listen to trots and the jingling of sleigh bells, all while supporting a local cause.
Advantage Awaits Buyers & Sellers As Market Enters 4th Quarter
National pending home sales decreased 2.3% in September compared to August, signaling a slight cooling of the white-hot housing market we saw most of this year. But don’t be fooled – although sellers are seeing less offers above asking price and homes are taking a bit longer to sell, it continues to be very much a seller’s market.
McGrew Real Estate Hosts Birthday Giveaway
McGrew Real Estate is celebrating 70 years of serving buyers and sellers by holding a digital birthday giveaway. Each Friday at noon, we will draw for a $100 Downtown Lawrence Gift Card until the Grand Prize drawing on September 24, 2021 for an iPad Mini.
McGrew Celebrates 70th Birthday at Summer Reading Last Bash
McGrew Real Estate celebrated its 70th birthday at the Lawrence Public Library’s Summer Reading Last Bash on Saturday, August 21st. It was the agency’s second year sponsoring the Summer Reading Program, an event that promotes reading and creativity within the community.
Larry Smith’s Legacy
In the 1980s, Larry Smith was a REALTOR you wanted on your side. The market looked a lot different than it does today with extremely high interest rates deterring buyers and thinning out home sales. That is, for everyone but Larry.
Preparation & Persistence Key in Competitive Market
While mortgage rates are again approaching historical lows, rising prices and a shortage of listings is causing some potential buyers to wait it out. Home sales fell this quarter partly because there are not many houses to buy, but also because of fierce competition and higher prices. Additionally, high lumber costs are contributing to higher new construction prices.
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McGrew Real Estate
1501 Kasold Dr.
Lawrence, KS 66047
Phone: 785-843-2055
Toll Free: 800-530-5490
Email: info@askmcgrew.com