Following in the recent trend of unprecedented markets over the last three years, we find ourselves in unfamiliar territory yet again. However, this time things to seem to be a little more ominous, well, depending on who you listen to. Most conservative projections are predicting a decline in the coming months, yet none of these projections apply directly to Humboldt County. My optimism makes me think that the Redwood Curtain will insulate us with the development of Cal Poly Humboldt, the new fiber optic line (and murmurs of Google opening a local hub) as well as the new wind & fish farms. No one can argue against the rate rise though, as of today (4/21/22) standard conventional rates are at 5.27%, a year ago today rates were at 3.12%. The disposition of those two rates would lead one to believe an inevitable drop is on the horizon, yet listing prices continue to rise in Arcata given the stark lack of inventory (currently there are five properties for sale in Arcata). So as with most things in life, we'll just have to wait and see what the future holds. If you want to know more about the buying or selling side, please do not hesitate to reach out with any questions!
