Mortgage Monday: Scanning The Market

Every once in a while I go on some of the real estate websites to see if there is anything new on the market in our area and how much people are asking for those properties. In one regard this is simply a habit that started a few years ago when we were still in the process of finding our first house. Now it is more of just trying to see what the market is doing around us now that we have found that place to call home. In some ways what I am seeing is kind of surprising but at the same time it is an expected trend that I started to see develop during those initial months of searching years ago.

When we first saw our home come on the market we knew that we had a tremendous opportunity right in front of us and we moved fast. It was meant to be as earlier in the week a deal that we had on another property fell through. Since the day we signed the last of the mountain of papers and accrued a new mountain of debt, I have watched the market slowly rise and the inventory evaporate. While much of this can be attributed to the season, it isn’t the whole story as this particular market did not react the same way in previous years.

Now there is nothing on the market and prices continue to climb even faster than I had expected based on the market evaluation just prior to settlement. Heck, in a matter of months it may get to the point where we would have been priced out of the market had we not found our home when we did. It has been a great feeling seeing the hard numbers both for the obvious financial security but also because it shows that we were right in selecting the growing community in which we now live.   

And that second half of the equation is the most important part for me as we are not in this for the financial gain… we purchased our home for the permanence and potential of never having to move again. This is now our home and our community and we were lucky to have found this property when we did because I don’t know where we would have ended up had we waited for another year. As I watch the market continue to develop and rise, I doubt that we would have been able to find the space, the land, or the price that we did when we found this house.

How ‘Bout Them Apples!

That's right, this has nothing to do with "Good Will Hunting"!

In addition to making significant progress on our baby registry this past weekend we also did a little exploring. With a beautiful fall day taking hold of our sense and the crisp air relaxing our lungs and our minds, we heading on the road with few plans as to where we would end up. Once the traffic cleared and we broke the bounds of the urban sprawl, we made our way down the highway watching the burning colors of the trees float past our windows.

It was about an hour before we broke the spell of the mesmerizing autumn landscape and took the next exit off the highway. Weaving back and forth across the scenery and over the ebb and flow of the country roads, it didn’t take long before we found ourselves a little lost and turning to our phone for advice. With the windows down the scents of the season eased what could have been a frustrating detour and before we knew it we were back on a road that we recognized (albeit still unfamiliar).

A few quick turns later and we found ourselves slowing to a gentle coast as we watched families cross the road and into an orchard. We figured it was as good a time as any to stop for a while, stretch our legs, and see if there were any fresh delectable items that we wouldn’t mind taking home with us. After finding one of the few parking spaces still available, it didn’t take long before we were surrounded by apples, pumpkins, and other produce sourced from just a few yards from where we were standing.

The autumn harvest surrounded us offering solace as the people flowed across the aisles of fruits and vegetables like a raging tide which would sweep you away if you didn’t keep your feet firmly planted. Seeing all the bright colors and their trees of origin in the distance, we couldn’t help but pick up a pint of apples for the road. It had been too long for both of us since we had been to an orchard and it didn’t take more than one bite to ensure that this would be a frequent occurrence especially once the baby is able to enjoy the sights, smells, and tastes of the season.

The stop is just what we needed… a time to take a break not just from the road but from the realities that were waiting for us upon our return. And we found out that many of these trips are no longer just for us but a means of finding places and experiences that we want to share with our son in the future. I guess you can add one more stop to that growing list.