October 2023
REAL ESTATE NEWSLETTER
CONTACT US:
425-236-6777
Most Buyers Willing To Shoulder Financial Strain For Homeownership
September 2023 was a Seller's Market!
Heads up guys! Northwest MLS just spilled the beans about what went down in September 2023!
The median sales prices of listed homes have dropped as the interest rates have gone up, but the home values have not declined and have actually increased compared to last year.
Some experts say that the market is slow because of the high-interest rates that make it harder for people to afford a mortgage. They also say that the pandemic and inflation have affected the market too. They think that the prices will go up by 5% next year because there are still a lot of people who want to buy a house but can't find one. But some other experts are more optimistic. They say the market will improve soon because the houses have become more valuable over the years. They said this is just a temporary situation after the pandemic and that things will balance out in the future.
REAL ESTATE MARKET NEWS
In this issue, George explains how the 4 major trends - Inventory Shortages, New Construction, Mortgage Rates, and Commercial Real Estate concerns - affect homebuyers and sellers in today's market. How these trends impact home values, buyer behavior, and market opportunities, using facts and data from reputable sources. He also provides some practical and valuable advice on how to navigate the market and make smart decisions, based on your local market conditions, rather than relying on general news or assumptions. This content is a must-read for anyone who wants to learn more about the real estate market and how to buy or sell a home in the most efficient and effective way possible. Click the READ HERE button and gain valuable insights into today's real estate market.
REAL ESTATE TIPS
INVESTOR CORNER
LIST OF VETTED CONTRACTORS
YOU CAN CALL IN TIMES OF NEED
EVENTS AND HIGHLIGHTS OF OCTOBER
If you have any questions or comments you would like answered in next month's newsletter, email me at [email protected] and they will be included in the next market update.
OR if you would like more information on our unique systems and programs, call us at 425-236-6777 or visit our website www.GeorgeMoorhead.com
PREVIOUS NEWSLETTERS:
