10.2023 Real Estate Market Update

The state of the real estate market is obviously a hot topic right now. Scales are tipping in opposing directions. Interest rates are going up, available inventory is also on the rise, along with values in certain pockets but overall the number of sales continue to decline. We still believe in homeownership though. With patience, interest rate buy downs, and a hard look at how to get overall monthly debt to an affordable level, there are opportunities for buyers to make deals right now.

Windermere Chief Economist, Matthew Gardner predicts that these conditions will likely continue into 2024.