There are 2 constants in real estate:
- People are always going to be moving, which means they’re always buying and selling.
- Real estate is always changing!
Over the past few years, we’ve seen several large shifts in the market. Take a look at just how much has changed for buyers between this year and last year.
Interest rates have risen but competition is down, making it a much easier and more pleasant time to be a homebuyer. Plus, you might be able to save some initial cash upfront with a smaller downpayment. Unlike buyers in 2022, today’s homebuyers don’t have to make crazy above-list price offers with extra cash on hand or sign away their inspection rights to get a seller to consider their offer. Which had put so much pressure on buyers.
Are you interested in buying a home in 2023? Send us a PM, and let’s get coffee and chat about home buying!
