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Market Update, Heading In to 2023, The New Normal

MARKET Update Jan 2023
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
-Franklin D. Roosevelt

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Time for a market update! 📣⁣

There’s been a slight shift… the housing market is slowing down due to rising interest rates, which has in return caused many buyers to put their home search on pause, leading to less competition for buyers. This market is our new normal for the unforeseen future. Experts and economists are expecting interest rates to continue to fluctuate, and the inventory shortage to remain, as a result of the imbalance of supply and demand. ⁣

Remember, the media is NOT your local housing market expert. There’s no such thing as the “right” time to buy or sell. So the next time their “scare tactics” make you doubt if now is the right time to make a move, send me a message, and let’s chat about your specific goals. ⁣

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