Review of all things Real Estate

Bob Hillery
Bob HilleryCR PropertiesBelow is a good article which seems to bode well for the real estate market in the near future, perhaps even spring of 2023. After interest rates peaked in October 2022 above 7%, the market slowed to a crawl. The numbers of transactions fell noticeably, which coupled with seasonably slow periods over the holidays, caused near panic in the minds of buyers and sellers alike. Inflation was at a 40-year high which further undermined consumer confidence.The good news is that inflation has slowed perceptibly and mortgage interest rates have fallen over a point (currently around 6.2% for conventional loans and in the mid 5% for government backed loans like VA, FHA and USDA). I previously reported industry experts forecasted that “maybe” by the end of 2023,
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