U.S. home prices are finally falling from a record high notched earlier this year; and while it depends on the specific market, some buyers are beginning to see a more normal buying experience. The slowdown means less competition and more likelihood that sellers will accept offers that come with contingencies — such as the buyer selling their own home first. That said…inflation, global economic uncertainty, rising mortgage rates and a still tight supply of homes for sale are all weighing on potential buyers.
For sellers, the limited inventory means home values remain strong…with nearly 40% of homes still commanding the full list price.
Yes, there are fewer buyers in the market right now, but if you want to get the most you can from the sale of your house, it may be better to sell now rather than wait until 2023.
Even though the housing market is cooling down, it’s still a complex terrain to navigate. Whether you are looking to purchase or interested in selling, I can help. Reach out today: (919) 291-5704
November To-Do List: Get Ready for the Holidays!
Tis the season of pumpkin pie and possibly the first snowfall. Stay warm (and productive) by catching up on indoor home maintenance. Here’s a honey-do list to get you started.
Come On In! Decorating a Welcoming Front Porch
Your front porch is the first part of your home most guests see. Does yours say “Welcome!”? Here’s a guide to decorating a front porch.
Building Neighborhood Ties that Bind
Consider the value of neighbors who become friends. Here’s how to build great neighborhood relationships that pay real dividends.
A Calendar for Shoppers: November’s Best Buys
Want to stretch your November buying power? Here’s what’s on deep discount this month.
