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IMPLODING MARKET?

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MARKET REPORT

MARKET REPORT

As a local expert in the real estate industry, my ultimate goal is to ensure that every client’s experience, whether they are buying or selling a property, is an enjoyable one. In 2022, the housing market shifted by falling home prices and rising mortgage rates. However, we are now observing the early stages of a new shift in the housing market, with mortgage rates slowly on the decline. It’s anticipated to stabilize in the mid 5% range. As a result of this shift, we have witnessed an increase in buyer confidence by more mortgage loan applications and loan locks since the start of 2023. This presents a unique opportunity for individuals looking to buy or sell real estate in 2023. I encourage you to reach out to us, as we can work together to develop effective strategies that will place you in the best position to achieve your goals in the current real estate climate.

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