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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.
Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided regarding predicting where rates are headed next. This climate has been unsettling for some homebuyers and sellers. However, with proper planning, you can work toward qualifying for the best mortgage rates available today – and open up the possibility of refinancing at a lower rate in the future.
Set in sought-after Chestnut Hill, this is a wonderful opportunity to own in Brookline two-family home with extra land! Both units are two bedrooms and one full bath. Perfect for investment or condo conversion! Great Brookline schools. Easy access to all highways, Route 9, Chestnut Hill T stop, and Hospitals. Short distance to the Heath School, Wegman’s, and the Chestnut Hill Mall. Home is family owned and currently does not generate income. 15 Glenland also owns 17 Glenland.
Property Information
Demand for purchase mortgages increases for the second week in a row, but borrowers are increasingly turning to adjustable-rate loans.
Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.
May 1st Real News You Can Use Newsletter from the Hickman-Coen Home Team.
Lead Story: Emerges as One of the Top Three Cities for Planned Global Real Estate Investment in 2022
For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the most challenging steps on the path to homeownership.
