Thankfully, we will have inventory and more homes to sell this year. Of the new inventory that is being added to the market, a significant portion of available properties are coming from new construction. 2023 is going to be a great year to take advantage of builders offering incentives to buyers and their agents.
Fighting inflation will continue to impact mortgage rates. If inflation numbers remain high, the FED is committed to raising interest rates. Some analysts predict rates could drop into the low 5’s while others say it could climb as high as 9%. The most important factor in interest rates will be inflation.
This year, folks will continue to need help finding a place to live. People from high tax areas will move to our area. Folks who promised themselves this is their last year of shoveling snow will move to the beach. There will be folks who need to downsize because they are empty nesters and those with growing families that need a larger home. 2023 is going to be the year that some people buy their first investment property. People will need help selling their deceased loved one’s home and others are going to buy their very first home after renting for years. If I can help you or a friend or a family member, please don’t hesitate to contact me. I’d love to learn about you and talk through your possible scenarios so I can best help you achieve your real estate goals.
Comments (0)
Be the first to comment on this post!
Post a Comment