THE BIG PICTURE
Checking In on the Summer Housing Market
After a few years of rapid change, the housing market is starting to level out as the summer season picks up. Home price growth has slowed, more homes are coming to the market, and buyers are starting to have more options than in recent years.
While prices are still steady, they’re rising more gradually. This creates a more balanced and less competitive environment.
Mortgage Rates: What’s Driving the Market
Summer is always a busy season for homebuying, and mortgage rates remain an important factor. Recently, rates have risen into the mid-6% range as of mid-June, according to data from Freddie Mac.
Even though rates are still lower than they were at this time last year, the recent increase has slowed some buyer activity and softened demand.
What this means: The market may move at a steadier pace, but opportunities are there.
The Summer Shift
The summer season could look a little different this year, with:
• A slower pace than usual.
• More thoughtful buyers.
• Less urgency and fewer bidding wars.
That shift can create meaningful advantages for those ready to act.
What It Means for You
For Buyers
This market could offer new opportunities:
• Less competition → Fewer bidding wars in many areas
• More negotiating power → Sellers may be more flexible
Tip: Focus on what you can control, including getting pre-approved, loan options and timing.
For Sellers
Success is still possible with the right approach:
• Well-priced homes continue to attract serious buyers.
• Presentation and strategy matter more than ever.
• Motivated buyers are still actively searching.
The Bottom Line
This summer’s housing market is adjusting, not stopping.
• Buyers are gaining flexibility.
• Sellers are seeing a more balanced playing field.
• Experts expect steady, not dramatic, movement.
At Bell Bank Mortgage, we believe every market brings opportunity. You just need the right team to help you navigate it.
If you’re in the market for a new home this summer, contact me today to start the conversation!
SUMMER VACATION HOMES
Dreaming of a Place to Make Summer Memories? Here’s What to Know
Summer is the perfect time to slow down, recharge and make memories with the people who matter most. For many, it’s also when the idea of owning a vacation home starts to feel exciting and possible.
Whether you’re dreaming of a cabin on a lake or a cozy cottage retreat, a second home could be more attainable than you think.
Depending on your situation, you may qualify with:
• A lower down payment than expected.
• Competitive interest rates that are often better than investment property rates.
• Flexible loan options tailored to second-home purchases.
Our team is here to help you understand your options and structure a plan that fits your goals.
Tips for Buying a Vacation Home
Before you start your search, keep these tips in mind:
• Location matters. Think about accessibility, resale potential and year-round appeal.
• Budget realistically. Factor in maintenance, insurance and utilities.
• Work with knowledgeable partners. An experienced lender and real estate agent can make all the difference.
Thinking about a vacation home? Let’s chat about your options.
All loans are subject to credit approval. Income and property restrictions may apply. Program guidelines are subject to change without notice. Not all products are available in all markets. Other restrictions apply.
SUMMER SAVINGS TIPS
Make the Most of Summer Without Overspending
Summer brings its own kind of joy: travel, gatherings, home projects and, for most parts of the country, time outdoors. As many of us probably know from experience, those enjoyable parts of summer can also bring extra expenses. A little planning can go a long way toward keeping your finances on track while still enjoying everything the season has to offer.
Here are a few simple tips to help you save this summer:
1 Plan Ahead for Travel
Booking early, or staying flexible with dates, can help you find better deals on flights and lodging. Even planning local getaways can deliver big savings.
2 Set a Seasonal Budget
Designate a summer spending budget for things like vacations, dining out and activities. This can help you enjoy the moment without surprises later.
3 Keep Energy Costs in Check
Warmer weather often means higher utility bills. Simple steps like adjusting your thermostat, sealing windows and using ceiling fans can help offset costs.
4 Take Advantage of Home Equity
If you’re planning summer home improvements, your home equity could be a valuable resource. A cash-out refinance or home equity loan might help fund updates while keeping your finances aligned.
5 Revisit Your Mortgage Goals
Summer is a great time to check on your financial picture. With changing rates and home values, it might be worth exploring:
• Refinancing opportunities
• Removing mortgage insurance
• Tapping into equity
NEW CONSTRUCTION: FROM START TO FINISH
If you’ve been house hunting lately, you’ve probably noticed that existing home inventory is still tight and the right home at the right price can be hard to find.
That’s why more buyers today are asking a different question:
“What if I built instead?”
New construction can be a realistic homebuying option that fits both your needs and your budget.
Why More Buyers Are Choosing to Build
New construction gives you options:
• You can design it your way by choosing your layout, features and finishes.
• Take advantage of today’s energy-efficient processes and materials to save money while you own your new home.
• Enjoy lower maintenance costs because everything is brand new.
Choosing to build instead of buying an existing home can be a great way to create a home that has everything you may want or need.
THE BUILDING PROCESS: WHAT TO EXPECT
Building a home is a journey, and with the right team, can be a smooth and exciting one. Here’s what to expect from the process:
Getting Started
• Meet with a mortgage expert
• Get pre-approved
• Set your budget and goals
Designing Your Home
• Choose a floor plan
• Select finishes and upgrades
• Personalize your space
This is where your vision comes to life.
Preparation and Construction
• Permits and approvals
• Land prep and foundation
Once construction begins, your home officially starts taking shape.
Building Phase
Your home is built in stages:
• Foundation
• Framing (walls and roof)
• Plumbing, electrical, HVAC
• Interior and exterior finishes
Each step brings you closer to move-in day.
Completion
• Inspections and walkthrough
• Final touches completed
• Moving into your home
Most new builds take several months to complete, often around 8–12 months depending on the home and location.
Let’s Build Your Plan Together
At Bell Bank Mortgage, we’re here to guide you every step of the way, from financing to closing.
Thinking about building? Let’s connect and explore your options.
Subject to credit approval. Program guidelines are subject to change without notice. Not available in all markets. Other restrictions apply.
WE LOVE YOUR REFERRALS!
Referrals from my satisfied clients are a big part of my business. If you have friends or family who are interested in buying a home, we’d love you to send them my way, so we can help them find and finance their dream home.