Homebuyers want lower home prices and lower mortgage rates. The good news? Both of these have eased a bit. Home prices are moderating and interest rates have come down. This makes homebuying more affordable. The shift also cautions home sellers against overpricing. From 2020 to 2021 we saw home price appreciation at 20%. Experts predict single digit appreciation this year, which is a more normal pace. If you’re thinking of making a move, let’s chat.
Why Some Homes Sell Quickly – and Others Sit on the Market
If you’ve been watching the real estate market lately, you may have noticed something interesting. One home goes on the market and is under contract within days. Another home sits for weeks and eventually has a price reduction. So, what makes the difference?
