New Year, New Market Trends
The New Year will be bringing along new market trends throughout the course of the year. We thought we’d give you a heads up on what the experts are predicting will happen in 2023. Although they don’t expect to fully turn into a buyers market, there are some things that are looking up for those who want to buy.
According to an article published by MarketWatch, this year we are expected to see an increase in inventory. For those looking to buy, there will be a larger number of homes to look at. Another great thing going for those who are looking to buy this year is that the competition will have toned down, you can say goodbye to the crazy bidding wars. Now with the competition cooling down, buyers will no longer have to see themselves in a position where they need to waive contingencies in order to boost their chances.
An article released by The World Property Journal, shared with its readers the top five must haves for first time buyers. You might be shocked to find out that these must haves are not spas, chef kitchens or walk-in closets, instead, at the top of the list in things first time buyers are looking for are backyards. According to this article, one in five Willow listings highlight their backyard features. Home trend expert Amanda Pendleton states the pandemic left people embracing their backyards for entertainment and is now being seen as an extension of their home.
As always, whether you are looking to buy or sell, we can help you achieve your real estate goals!