Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options?

To understand where mortgage rates may be going, it’s helpful to look at where they’ve been in the past.

As the red in the middle column shows, in all instances, their original forecast called for home prices to fall.

Today’s seller’s market sets you up with a big advantage when you sell your house. Because supply is so low, your house will be in the spotlight for motivated buyers who are craving more options

Some Highlights: Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.

Some Highlights: There are only about half the number of homes for sale compared to the last normal years in the market. 

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are?

With more jobs and rising wages creating eager buyers, there’s a lot going in your favor.

The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side.

If you’re worried today’s adjustable-rate mortgages are like the ones from the housing crash, rest assured, things are different this time. 

This monthly release provides information on the volume of sales and price trends for homes that have previously been owned.

If you’re having a hard time finding a home you like in your budget, let’s connect. You need a real estate professional who knows all about the latest inventory in our area, including homes still under construction or just built.