Ahead In 2023: Housing Trends To Watch Out For
Key Takeaways:
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Home Prices on the Rise: As per expert analysis, various regions are already observing a hike in home prices. The general consensus among experts predicts an optimistic rise in property prices as 2023 unfolds.
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Mortgage Rates Tied to Inflation: The trajectory of mortgage rates for the remainder of 2023 will be intrinsically linked to inflationary trends. Historically, as inflation moderates, mortgage rates tend to stabilize and potentially decrease.
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Inventory Crunch but Strong Sales: While the housing market grapples with a limited inventory, the outlook is still robust. Experts forecast a whopping 5 million homes to change hands in 2023. If the mortgage rates decline, this sales momentum might even intensify.
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