Your Housing Market Questions... Answered.
Posted by Katie Gulas on Thursday, November 3, 2022 at 11:39:55 AM By Katie Gulas / November 3, 2022 Comment
Lately, our agents have had several clients, friends, and family members reach out to ask their thoughts on what's happening with the economy and housing market - both nationally and locally. So we wanted to share with you what we are seeing now and anticipating over the next year...
- Rates are expected to fall to 5% or lower by mid-2023.
- Locally, Birmingham has had a 20% year-over-year increase in inventory.
- Homes are still selling relatively quickly with an average of 17 days on the market.
Take a moment and watch this video where Gusty goes into a little more detail and - as always - we're here to help you create a strategic approach to real estate whenever you're ready!
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