Our inventory levels are incredibly low...
and the snowy icy conditions are not stopping showings. It continues to be a solid seller's market with a void in inventory. There is a healthy pool of buyers in all price points ready to jump in and if you are one of them be prepared and work with a experienced agent.
The forecast for mortgage interest rates is to rise along with inflation during the first part of the year towards 3.75%. With Fed action, softer stock market and slowing economic conditions, interest rates should head lower in the second part of the year towards 3%.
Rents will continue to rise, increases will remain about 5% pushing many people to see the benefit in buying.
If you know anyone who is thinking about buying or selling have them call Blackstone Properties today, we would love to assist!
