As we are now in the middle of the 3rd Quarter of 2022, we are seeing a few surprises to the housing market so far, including a slight dip in mortgage rates and signs of falling home sales. What is not much of a surprise was the Fed again last week raising the base cost of funds by another uptick of 0.75%, which so far has not drastically affected Mortgage rates which also is not much of a surprise. One thing that seems to be a surprise to everyone is that Washington announced at the end of this first week of August that Jobs in America grew at the highest rate in decades and no one seems to be able to understand why or how. Jobs growth is measured in the U.S. by the number of employees that are added to NonFarm payrolls monthly, as reported by the U.S. Bureau of Labor Statistics (BLS). This indicates a solid economy despite other signs that we may be entering a recession, and many experts seem to indicate in the trades that these seemingly conflicting indicators, most likely means that the Fed will remain diligent this year in continuing its path of raising rates to hedge inflation and recession. Real Estate sales have dropped a bit, again due to the difficulties and the reality of still strong demand with very low inventory – which has been true since the beginning of the Pandemic – coupled with rates that are not nearly as favorable as they were just a short time ago. There has never been a more important time to reach out to one of our experts to help you obtain exactly the property that you are looking for, whether it be a lakefront or lake-access first or second seasonal property, or a great Maine Lakes Region mountain-view home: Seek the strength of our team here at Maine Real Estate Choice to find, or to sell that unique property. Our experience in the Region is outstanding, as will be your experience working with us. Give us a call today! You will be glad that you did.