In Western PA, if a home’s condition has been addressed and the price is in line with the current market, the home will sell in a short amount of time.
Savvy buyers understand the cost of new construction will continue to rise as manufacturers pass on their price increases at the beginning of the year. New construction drives the market.
There is a lack of inventory. This will continue, thus supporting price increases.
Right now, you don’t have demand as high as it will be in the spring. The media has everyone focusing on interest rates. Now is a great time to buy and sell a home, especially if you are focusing on a new home. Don’t worry about the interest rates, you can refinance when the time is right.
Don’t believe the doom and gloom from the media concerning real estate.
Well that didn’t take long… Barely 6 months after home prices peaked, consumers are starting to feel better about the #housing market. This just speaks to that pent-up demand that will likely keep the market from a massive crash. #Mortgage rates are also well off their highs of October, which, combined with lower prices, are improving affordability. This is not to say that the #housingmarket is suddenly cheap. Far from it. It’s just on its way to better. Fannie Mae Redfin Doug Duncan #realestate #realestateinvesting #inflation #personalfinance #mortgagerates #fed
