There has been a lot of news demonstrating the challenges of navigating this market between the banking system as well as interest rates. It can make it challenging to determine which way is up versus down and what the issues/concerns are. Here is what matters and what is defining our market:
Really Low Inventory
Low Rate of New Construction and Additional Volume
Buyer Demand is Persistent
Mortgage Forbearance Decreases Despite the End of Covid Assistance
This all adds up to a roaring sellers market once again. With that, we expect a repeat of multiple offers again and prices to increase.
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