2022 looks VERY different from 2021.
The multiple offers, cash-on-the-spot sales, and thousands over asking has dwindled because of rising interest rates.
But the housing market hasn’t crashed…
So what does this mean for buyers in 2023?
According to Ramsey Solutions’ Rachel Cruze:
“Homes are still selling fast because there are more buyers than homes for sale. There’s a good chance homes will continue getting snatched up fast for the rest of the year. In 2020, most homes stayed on the market for 22 days—and now most homes are selling after 16 days. This is great news for sellers who are itching to sell quickly. But buyers, stay focused—you don’t want to drag your feet when you find a home that fits your budget and your family. It’s likely other buyers are interested, and it could sell if you wait too long to commit. That’s why you’ve got to know exactly what to look for in a home and what you can afford before you jump in the game. Every market will be a little different depending on where you live, but it’s best to be prepared.”
If you’re looking and just want to see how much home you can afford, or get some overall advice, we’re a zero-pressure-conversation company, and we’d be happy to walk you through any financial questions, concerns, or curiosities without any strings attached. We promise.
Let us know if we can help!