In late 2022, predictions of an impending crash in home prices from market experts left many consumers skeptical about the strength of the residential real estate market. Rather than a crash, however, it appears that, after a small dip in early 2023, prices rebounded quickly and continue to increase month over month.
In addition, The Case Shiller Index and the Federal Housing Finance Agency Update have both released reports in recent weeks indicating that the national housing market may be stabilizing faster than expected, which is good news for buyers and sellers alike.
The market may still be challenging to navigate, but having an experienced real estate broker on your side can make a world of difference. If you are considering buying, selling or investing in a home this year, I hope you’ll consider hiring me as your broker.