What to know about the market shift and how it affects your plans.
Have you been feeling this shift in the housing market? By now you’ve probably heard that interest rates have gone up, which has priced many buyers out of the market. This is very different from the frenzy that has been happening the last couple of years, where tons of buyers would try to outbid each other for one house.
The drop in buyer demand is leaving homes on the market longer and forcing sellers to reduce their prices. Buyers have a choice now. It’s a more balanced market.
However, it’s still an excellent time to sell—there still aren’t enough homes on the market for the number of buyers. Give us a call, and we’d be happy to help you start the process!