As we start a new year, the real estate market is once again shifting. After a historic run, with home sales and prices reaching record highs, they are leveling. Mortgage interest rates continue to be affected by Federal Reserve decisions to address inflation.
This month I am sharing with you some well-researched statistics on how the real estate market reacted in the last half of 2022 as well as projections for 2023. Inventory is still low, but buyers now have a few more days to make their decision and may be able to ask for seller concessions. Sellers who price their homes right will be well-positioned in the market. It’s also important to remember – there will always be buyers and always be sellers – no matter the market!
I am also sharing with you a couple of websites where you can find additional easy-to-understand information on mortgage and real estate statistics.
I am here to answer any questions you may have about real estate and help you through every step of your future home sale or purchase. Please feel free to reach out to me at any time!