The Latest News About Our Housing Market

Here’s a short and sweet market update on what’s in store for 2023.

2023 is already taking off! Transactions are increasing, interest rates are normalizing, and sellers are getting creative by offering buydowns to help lower buyers’ interest rates.

Interest rates will be the main topic of 2023. Inflation is what drives interest rates. The Federal Reserve says that inflation is under control, which should keep interest rates low, but we need to keep an eye on that. If inflation starts taking off again, rates will rise too.

There are a lot of threats and scare tactics in the news meant to terrify rather than to clarify what's truly going on, but we stick with our gut and stay the course. The important thing to remember is that when looking over the long term, real estate has always been a worthwhile investment.

We're bullish on real estate because there are many great homes out there. If you’d like to know more about our market, we have 13 wonderful agents that would love to help you. Reach out to us by phone or email. We look forward to hearing from you.