The historically hot housing market is cooling down. Signs indicate that the breakneck pace of rising demand for homes may be slowing. In addition, many home sellers are turning to price drops as buyers become more cost-conscious under higher mortgage rates. Though rates are rising, a drop in demand and lower prices is potentially good news for home buyers.
For sellers, the market seems to be softening. Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically. Many home sellers are in a hurry to find a buyer before demand weakens further. For sellers looking to get top dollar for their home, the time to sell is now.
However you are entering the housing market, you need an expert on your side. Call me today and let’s formulate the best strategy for your needs: (919) 291-5704
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