If you are feeling uneasy about today’s Real Estate Market… there are actually many positive facts from experts!
There is a lot of talk about the current real estate market around the country. So if you’re feeling uneasy about today’s Real Estate Market…there are actually many positive facts from experts!
Sales and Inventory are up in many Markets!
– Home sales are actually up in many parts of the country
– In many areas, homes are still selling at full price or higher
– Active home listings have actually increased by 67.8% yr over yr
Experts anticipate that mortgage rates will stabilize!
– Mortgage rates are higher than they were from a year ago however they were even higher in early 2000’s
– Mortgage rates are expected to slowly go down by 5.5% at end of 2023 as many experts have predicted
Current home owners have lots of equity built up!
-US home equity is now at it’s highest level ever recorded…27.8 trillion!
– 68% or more Americans have either already paid off their mortgages or own at least half of the equity in their home!
– At least 32% of Americans own their home free and clear!
Listen to this wonderful broadcast by Brian Buffini to hear more predictions for 2023… https://www.youtube.com/watch?v=t42NG0WlzJs
Enjoy and let me know if you need help with your real estate needs.
– Ginger
