09/20/2023
Are you hoping to cozy up in a new home in time for the holidays? It's a choice that comes with both excitement and careful consideration.
Here's a quick housing market forecast for the rest of 2023 — from the experts — to help you with your decision:
☑ Home Prices: prices will vary by local markets, but the good news is that prices are already appreciating again in many areas, and most experts expect positive price growth into the new year. This means the longer you wait, the more you will likely pay for your next home.
☑ Mortgage Rates: where rates go for the rest of the year will depend on inflation. Based on historical trends, experts predict that rates will likely ease as inflation continues to cool. Speak with a trusted lender about ways to keep your mortgage payment manageable despite the higher rates we are seeing.
☑ Home Sales & Inventory: Inventory is a huge challenge right now. However, if interest rates drop, home sales will likely pick up (which means more buyer competition again).
Ultimately, the decision to move before the end of the year is a personal one. No matter the time of year, current interest rates, or opinions of others, only you can decide if a move is right for you and your family, so take time to weigh the pros and cons, seek advice from a trusted agent (that's me!), and listen to your intuition.
If you're ready to take the leap, send me a message. I would love to answer any questions about the market and help you decide if now is the right time to move.
ꜰʀᴇᴅᴅɪᴇ ᴛᴏʀʀᴇꜱ
ʀᴇᴀʟᴛᴏʀ®
ꜰᴏᴜɴᴅᴇʀ, ᴅᴡᴇʟʟ ʀᴇᴀʟᴛʏ ᴄᴏ
ᴋᴇʟʟᴇʀ ᴡɪʟʟɪᴀᴍꜱ ʀᴇᴀʟᴛʏ
678) 744-1103 ᴍᴏʙɪʟᴇ
ꜰʀᴇᴅᴅɪᴇᴛᴏʀʀᴇꜱ@ᴋᴡ.ᴄᴏᴍ ᴇᴍᴀɪʟ