DanielaAfonsoRealtor

2023 Real estate market trends | What you need to know

Is now a good time to invest in real estate?

Real Estate Trend #2: Annual Home Values Are Still Rising

Real Estate Trend #1: Home Inventory Is Low but Growing

Yep. No matter what’s going on in the market, real estate is always valuable. (As Mark Twain said, “Buy land, they’re not making it anymore.”) And the value of real estate is always going up—even if it’s not by the huge percentages we saw in 2021 and 2022. Read on ...

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Real Estate Trend #1: Home Inventory Is Low but Growing

Real Estate Trend #2: Annual Home Values Are Still Rising

Real Estate Trend #1: Home Inventory Is Low but Growing

The real estate market has been dealing with low inventory for a while now. That just means there weren’t enough homes for sale to meet buyer demand—a real estate trend that only got worse during the craziness of 2020. But the trend may be taking a turn. Inventory has been moving upward since May 2022, and November saw the year’s largest month-over-month jump since then (and about 46% over the same time last year). Read on ...

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Real Estate Trend #2: Annual Home Values Are Still Rising

Yes, home prices are still going up year over year. The national median home price for active listings increased by 11% to $416,000 in November 2022 compared to November 2021.4 But that rate actually trails behind the average 16% annual growth rate seen in June and July—which may be a sign that the speed of home price growth is calming down.5,6 That means 2023 will probably be a pretty slow growth year. Read on ...

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Real Estate Trend #3: Mortgage Interest Rates Are Higher

Real Estate Trend #2: Annual Home Values Are Still Rising

The average mortgage interest rate (the interest fee lenders charge as a percentage of your loan amount) was lower than it’s ever been in 2021. But it’s gone up since then.

Because the Federal Reserve raised interest rates in 2022, the average rate for a 15-year fixed-rate mortgage jumped from 2.8% in January of 2022 to 6.36% in October—the highest it’s been in over 15 years!7 Meanwhile, the average rate for a 30-year fixed-rate mortgage reached 7.08% in October. Read on...

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Equity will probably level off compared to last year.

Real Estate Trend #3: Mortgage Interest Rates Are Higher

Equity will probably level off compared to last year.

Experts have different opinions on how the market will turn out. Freddie Mac believes home prices will go down by 0.2% in 2023.9 And the National Association of Realtors (NAR) thinks price growth will increase slightly by 0.3%.10

Whichever one turns out to be true, the bottom line is this: Home prices will stay pretty much the same. Read on ...

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A real estate market crash looks unlikely.

Real Estate Trend #3: Mortgage Interest Rates Are Higher

Equity will probably level off compared to last year.

With all the uncertainty behind everything that happened in 2020 and with home prices growing a little slower in 2022, you might be wondering if the housing market could collapse. Well, it’s impossible to know for sure, but real estate experts suggest a housing crash is unlikely.

While mortgage rates are higher than they’ve been in many years, the NAR predicts that the rates will peak in 2023 and may even go down, which will bring demand up. Read on ...

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NAVIGATE THE REAL ESTATE MARKET WITH AN EXPERIENCED Realtor®

If you're looking to sell, buy or invest on a property, look no further! I'm an experienced REALTOR® who is dedicated to helping you get the best possible outcome from your sale or purchase! With a proven track record of successful sales throughout my 17 years of real estate experience, I have the expertise and commitment to ensure that your property is marketed effectively and sold quickly for the highest possible value or purchased for the price and terms that match your needs and budget.

I understand that selling, buying or investing on a property can be a stressful and time-consuming process, which is why I'm committed to making the real estate sales and buying process as seamless and stress-free as possible for you. I will take care of everything regarding the home buying or selling process, from preparing your property with professional staging, to making any necessary repairs and improvements to make it more appealing to potential buyers, to taking care of the transaction from the initial offer to the final closing day.

By choosing to work with me, you will have peace of mind knowing that your property is in the hands of a professional who will work tirelessly to get you the best possible results. I will communicate with you throughout the process and keep you informed every step of the way, so you can focus on other important things in your life. So if you're ready to sell, buy or invest on a property, don't hesitate to get in touch with me today. With my expertise, commitment, and proven track record, I am the REALTOR® who will get the job done for you and lead you home. I welcome your questions any time, Daniela Afonso @ 617.201.9864.

The Right Price, Always

Looking to buy or sell real estate, large or small, condo or family home, fixer-uppers, or luxury? I will find houses for sale and get it for you at the price that's right. I can also help with staging, flipping, building, and more. I'm your local expert real estate consultant.

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If you have questions about credit or legal matters, buying or selling real estate, you can trust me, as your local expert real estate consultant to find you houses for sale fast. I'll make sure you feel confident and educated every step of the way.

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Century 21 North East

Daniela Afonso | REALTOR® '05 290 Lexington St., Waltham, MA 02452 Call Direct: (617) 201-9864

Hours

Mon	09:00 – 17:00
Tue	09:00 – 17:00
Wed	09:00 – 17:00
Thu	09:00 – 17:00
Fri	09:00 – 17:00
Sat	By Appointment
Sun	Closed