What You Can Get for Your Money Today
Posted by Alison Crim on
Over the past month, the real estate market has made dramatic shifts with regards to public perception and overall affordability. What a purchaser could afford as a monthly payment 6 months ago with the same down payment has now drastically decreased due to increased interest rates because of inflation. We’re seeing two main reactions to these changes:
- Buyers are waiting for interest rates to go down and are not prioritizing their home search
- Buyers are leaning into the fact there is less competition, and they are taking advantage of a more balanced market with more inventory and options available to get under contract
Now, just because inventory is increasing doesn’t mean that prices are decreasing. We need to remember that…
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