Real Estate
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.
Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pick up. All of that’s great news for the housing market this year. Here’s what experts are saying.
“The current state of the housing market is that it is certainly in transition.”
“Housing is going to ease up. I think 2023 will be a turnaround year.”
“Mortgage rates have fallen in the recent past weeks, so I’m very hopeful that the worst in home sales is probably coming to an end.”
“. . . it appears a turning point for housing lies ahead. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.”
If you’re thinking about making a move this year, a turnaround in the housing market could be exactly what you’ve been waiting for. Let’s connect to talk about the latest trends in our area.
Stay up to date on the latest real estate trends.
Mortgage
Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too
New Listing
2 beds | 2 baths | 1,971 sq ft
Mortgage
Let’s take a look at some historical data to show what’s happened in the housing market during each recession
Mortgage
Some areas are still super competitive for buyers, while others are seeing more homes sit on the market
Mortgage
Most homeowners today are in a much stronger equity position, even with rising costs.
Mortgage
What’s holding you back from taking advantage of this sweet spot?
Mortgage
There’s a much wider selection of homes for sale, with more fresh listings hitting the market each month.
Mortgage
Real estate rewards those who get in the market, not those who try to time it perfectly
Mortgage
Your equity isn’t just a number. It’s a tool.
You’ve got questions and we can’t wait to answer them.