In order to understand the real estate market trends for 2023 let’s take a look at some economic factors: Interest rates, affordability, housing shortage and home sales. Interest Rates During 2022, the Federal Reserve Bank increased mortgage interest rates 7 times as seen in this chart. Once the rate of inflation was going up they moved […]
Is The Best Time To Sell Your House Now?
Our economy is currently going through a high inflationary trend and rising mortgage interest rates. While at the same time, we have been experiencing a housing shortage supply, which resulted in extraordinary 2021 housing prices appreciation. But it seems that although 2022 will still bring modest buyer demand, experts are cautioning that we may be […]
