If mortgage rates continue to rise, several potential effects can be expected on the real estate market:1. Decreased Affordability: Higher mortgage rates mean higher monthly payments for homebuyers. As a result, some potential buyers might find it more difficult to afford homes, especially in expensive markets. This could lead to...
Tag: Sellers
Is the Housing Market About to Crash?
Is the housing market about to crash? Well, the total unsold homes increased by 9.3% compared to last year, including homes under contract.In addition to the increase in inventory, the total number of unsold homes, including those that are under contract, also grew by 9.3% compared to last year. This...
What Is a Post Occupancy?
What Is a Post Occupancy? Often, selling a home and moving into another one is a roller coaster of emotion. Most closings to not happen simultaneously. Anyone in the real estate world can tell you the demand for homes far exceeds the supply. Most buyers in the market want to...
