An optimistic outlook

Hammock

Heading into the second half of 2023, industry leaders foresee mortgage rates dropping and homebuying subsequently picking up as home prices fall and affordability improves. Though home prices are not as high as the record prices of June 2022, data suggests that where home prices dip or climb this year remains heavily region-specific.

Home-builder confidence is signaling high optimism about the future of the housing market, and a return to normalcy. New home sales have been driving purchase activity in recent months as buyers look for options beyond the existing-home market.

We are still in a seller’s market. This means homes tend to sell quickly and at high prices due to the high demand and low inventory. This type of market can be beneficial for sellers who are looking to sell their home quickly and for a higher price.

However you are entering the real estate market, I can help! Contact me today to get started: (919) 291-5704

 

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