Published October 31, 2023

Real Estate Update: Embrace Opportunity!

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Written by Northfork Realty

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Discover why now might be the perfect time to make your move.

Welcome to another exciting weekly update! The real estate scene has been nothing short of wild lately, and we've got some insights to share with you. Yes, you've heard it right—interest rates are on the rise, but don't let that discourage you because the real estate game is still on!


Homes are selling, and property prices are holding strong. In fact, we've been pleasantly surprised by the immense demand from buyers, even with interest rates inching up to 8%. Remember, you can still secure rates below 8%, so there's no need to panic.

“The real estate game is still on!”


Now, here's the real scoop. When you decide to make a move in this market, you're essentially locking in your home's price. Experts predict that interest rates might dip back down to around 6% or 6.5% by mid-year in the following year. By buying now, you're securing your home's price, and if rates drop, you'll be in a prime position.


With the current buyer demand, waiting might lead to paying a lot more for your dream home in the future. So, if you're serious about homeownership, there are plenty of fantastic properties available right now. Despite the possibility of persistently high interest rates, you're safeguarding the price of your future home.


If you have any questions or concerns about the market, we're here for you! Let's have a chat and navigate this exciting real estate journey together. Don't be nervous—be ready to seize the opportunity. Ready to discuss the market? Please call or email us!

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