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I love fresh starts, don't you?
The BIG buss in the real estate world is what's going to happen next?
As we glide into the new year, I am super optimistic about the market. I believe it will be calmer, but still busy without the drama. Buyers have gotten used to the higher mortgage rates, which will fluctuate between 6-7% throughout the year. There will be a increase in inventory because sellers will literally "move on," and the median home price will start to slip because of overzealous sellers, causing more opportunities for buyers.
Advice to buyers: be prepared and get a fresh pre-approval letter from your lender. Additionally, update your REALTOR® if anything has changed on your end.
Advice to sellers: it is time to start preparing, get a price opinion on your home, and get the home show-ready.
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