Charlottesville, VA (CVILLE RIGHT NOW) – Michael Guthrie, host of Real Estate Matters, shared insights into the current real estate market. Guthrie noted the ongoing shifts in interest rates, emphasizing both good and cautious news for potential buyers. “The rates will continue to, you know, slowly but surely get lower, but maybe not quite as quickly as people would like.” 

Discussing the broader market, Guthrie described a move toward a more balanced market, where buyers can make thoughtful decisions without rushing. He mentioned that the fall season is bringing more houses to market. “What people don’t realize is if you overprice your house, people know you overpriced it, and it’ll sit there,” indicating that competitive pricing is key in the current landscape. 

The conversation also highlighted the 61st annual Parade of Homes hosted by the Blue Ridge Home Builders Association, encouraging attendees to gain inspiration for their own homes from the event.

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