How’s the war with Iran impacting mortgage rates and the housing market?

Last week we saw the lowest mortgage rates in 3 years as rates slid down to 5.99% and stayed below 6% for a week.  Then Trump launched a War over the weekend and by Monday mortgage rates jumped back up to 6.13%

Economic uncertainty tends to have a chilling effect on the housing market as buyers and homeowners hit pause and delay their plans. So let’s take a look at where things stand today in Columbia County NY in the Residential real estate market. 

One of the most common questions I hear from homeowners in Columbia County is:

“Is now a good time to sell — or should I wait?”

It’s a fair question. And it’s one that rarely has a simple yes-or-no answer.

In this market, timing isn’t just about the calendar. It’s about readiness — yours and the market’s.

If you’re thinking about selling a home in Columbia County, one of the first things you’ll probably do — understandably — is look up your home’s value online.

Most sellers do.

And while those tools can be a starting point, this is where I’ve seen people get unintentionally led off course.

If you’re thinking about selling a home in Columbia County, the most important thing to know is this:

There is no single Columbia County market.

What buyers do, what they pay attention to, and how homes actually sell can vary dramatically from town to town — sometimes from one road to the next.

Before you think about pricing, timing, or even when to list, it helps to understand how this market really works.