This is how you start to create stability and provide a means to impact house pricing. We are starting to see gradual improvement in single family new home starts. This will increase inventory in the marketplace and with the Fed's apparent slow down in interest rate hikes, this could stabilize mortgage rates. With the lack of inventory for resale, this will provide much needed inventory into the...
Many think the real estate market is cooling down, however, buyers are still actively pursuing first time home purchases regardless of the high interest rates. This combined with low inventories, continue to support current market prices. The right moment to purchase the home of your dreams is when you find it. Interest rates will come down over time and you will have the option to refinance. Waiting...