Here’s what you need to know about the state of our housing market.
Are real estate prices about to drop? Maybe interest rates will fall instead? Lots of people have questions about the future of our housing market, so today, I’m breaking down the latest numbers and trends. In my summer market update, I’ll share the latest news on prices, interest rates, the state of our market, and more.
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:24 — How buyers and sellers have reacted to interest rates
2:10 — Buyers are beginning to accept the “new normal”
3:52 — Supply remains limited; what that means for you
5:11 — The story of our market is still low inventory
6:37 — Home sales remain steady
8:16 — As soon as rates come down, demand will increase
9:20 — The future of mortgage rates
10:27 — Our summer forecast for the rest of 2023
12:00 — Should you wait to purchase a home?
13:14 — Wrapping things up
If you have questions about this topic or anything else, please call or email me. I am always willing to help!
