A common thought in real estate is never to list your home in the winter. Perpetuated by industry experts, agents, and repeat sellers alike, this saying encourages many would-be sellers to wait until the spring peak to list their homes. However, studies show that homes listed in the winter winter sell faster than those in the spring, and sellers also net more than the asking price.
Bernice Ross of Inman recently interviewed Rick Sharga, the executive vice president for market intelligence for Attom Data, about his predictions about general trends and foreclosures. Attom Data has been tracking foreclosure data since 1996. As a result, Sharga often gets asked if we should expect another foreclosure tsunami in 2023 like the one we experienced during the Great Recession.
So what can we expect for real estate in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While this is one of the more challenging real estate periods to forecast, here’s what several industry experts predict will happen to the U.S. housing market in the coming year.
The Realtor.com website released its 2023 housing market predictions last week, stating that mortgage rates will be above 7%, rents will outpace home prices, and overall home sales will decline.It also predicted 100 of the largest local markets in the United States.
Cut through the online clutter and armchair quarterbacking of the real estate industry with these ten predictions from Windermere Real Estate Chief Economist Matthew Gardner. This article appeared in Inman, Hickman-Coen Home Team is a subscriber.
This is an inflection point for the housing market. Over the past two years, we’ve seen a massive amount of buyer demand (showings) and not enough homes available for sale (listings). Today, supply and demand look very different. Supply is up and demand is down.
Let’s take a look at 10 things that differentiates Hickman-Coen Home Team from the perspective of other agents
In today’s red-hot real estate markets like Boston, buyers are tempted to skip the home inspection. As a rule, the Hickman-Coen Home Team advises buyers not to skip a home inspection
Today’s housing market is nothing like it was in 2008. Let’s connect to discuss the reasons why it’s different.
Housing truly is a strong investment, especially when inflation is high. When you lock in a mortgage payment, you’re shielded from housing cost increases, and you own an asset that typically gains value with time.
