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August 2022 Market Update

We just wanted to keep you up to date on what we are seeing in the real estate market right now.  As you know, interest rates had soared to nearly 6% from the 4.25% we had end of March and from the 2.5% we enjoyed at end of 2021 and I am sure you heard about the fed raising a key interest rate and surprisingly rates have settled back down near 4.75% since that announcement giving buyers a little more buying power than they had just recently.

There is obviously a lot more going on, so if you want to talk about the market privately and in more depth, feel free to e-mail us any time at or

Chris and Andrea Murray 951-383-7557

RE/MAX Empire Properties – Broker/Owners – DRE#s 01339816 | 01474696

24663 Monroe Ave B101, Murrieta, CA 92562

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