Rates, Recession & Rebound — The 3 Rs this Spring Selling Season
Posted by Boulevard Realty on
- For Spring 2023 -
Rates, Recession & Rebound — The 3 Rs of the Houston Housing Market
- Rising mortgage rates have tapped the brakes on the market
- Inflation & fear of recession have caused a bit of a pause for buyers & sellers
- Prices continue to rise, but at a modest rate & we should expect some decline
- Homeowners with low interest rates are staying put so there are fewer homes available
- More homes expected to come on the market for spring selling season
- Sellers: Low inventory & pent up demand mean it’s a great time to sell
- Buyers: Easing home prices continue to be good news for buyers not wanting to compete in multiple offer situations
Year-over-year home sales have fallen each month since April of 2022 as our…
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