Is The Housing Market Finally Turning Around?

Feb 6, 2023

Home Blog Is The Housing Market Finally Turning Around?

The housing market has gone through a lot of change over the last year and a half, and much of that was a result of how fast mortgage rates increased last year. If you recall, rates doubled last year alone – that has never happened before. That rise made both home sellers and buyers pump the brakes on their plans whether that be buying or selling.

As we make our way through 2023, there are several signs that things are starting to turn back around. 

  1. Home price appreciation is slowing from the recent frenzy and we are getting back to normal appreciation rates.
  2. Mortgage rates are stabilizing. 
  3. Inflation is starting to ease. 
  4. The activity level is picking up as more buyers and sellers enter the housing market. 
  5. More inventory is hitting the market in both resale homes and new construction homes.

If you are ready to meet with me and my team to discuss your real estate goals, reach out to any of us! We are here for you and would be honored to speak with you.

See the post on Instagram.

Recent Posts

Monday Minute

Why You Shouldn’t Give Up As A Home Buyer

Trying to buy a home right now can be a challenge…don’t give up! We are ...
Monday Minute

Why Has The Market Not Crashed?

The market has been unpredictable…why has the market not crashed? There have been so many ...
Monday Minute

4 Tips To Sell Your Home This Spring

Spring season in Bend is here and as the school year gets closer and closer ...
central-oregon-real-estate-jenn-montoya-photography-matt-montoya

Matt Montoya