The 2023 Housing Market is already off to a strong start, with mortgage rates starting to decline; take a look at what the rest of 2023 has to offer in the world of real estate.
The U.S. real estate market isn’t as red-hot as it’s been the past few years, but it’s still pretty warm to the touch. The fourth quarter saw a pullback from the previous quarter, yet the numbers still show an uptick year-over-year.
As housing markets across the nation continue to balance out, Q3 marked a dip in median sold prices and overall sales volume. Demand for homes will likely stabilize as rising inflation and interest rates price many potential buyers out of the market.
Most, if not all, housing markets across the nation saw significant growth in the second quarter of 2022 but will it sustain throughout the year? An onset of new market trends, rising home prices, and mortgage rates have led many people to ask that question. The housing market in the U.S. is slowly inching towards stability which was recently shaken by the Covid pandemic. To understand what this means for sellers and buyers, let’s take a deeper dive into our regional housing markets and see how they performed.
While this time of the year tends to be somewhat slower when it comes to real estate, the overall market across the nation has continued its uptick through the first quarter. Since it’s still a seller’s market, this has had a considerable impact on the number of homes available to potential buyers.
Will the housing market in the U.S. continue to grow in 2022? If so, how much more growth can be sustained before another housing market bubble bursts? How far will interest rates rise over the year and how will we deal with a historic shortage of housing stock?
There’s been no shortage of bad news in the past two years. From the pandemic to supply chain and labor shortages to inflation, there’s been plenty to be down about. The housing market, however, has delivered nothing but good news.
Home prices went gangbusters in 2021 hitting record highs across the country. There are many reasons why this happened but […]
There’s no doubt 2021 was a strong year for the housing market. High demand led to high asking prices and less time on the market. This meant 2021 was a seller’s market across the country. While housing prices increased steadily over the years, more recently we’ve seen double-digit increases due to the high demand and low supply.
As hope for a reviving economy staggers in about a year and a half after the first declaration of the COVID-19 pandemic, the U.S. real estate market appears to be following historical trends, albeit lacking in volume. Let’s take a look at some of the major indicators for housing in the U.S.