Your Housing Market Questions... Answered.
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!