Call Us! (704) 621-3066
maureen@sellyourhomecharlotte.com
Call Us! (704) 621-3066
maureen@sellyourhomecharlotte.com
Ready to sell your home? learn
how to get top dollar and sell it fast!
At SellYourHomeCharlotte.com, we know that selling your house is a
big step. You might feel overwhelmed or burdened by everything
involved in selling your house.
You might be wondering what your house is worth
or if it’s really the right time to sell. This is where we can help.
Over the last 7 years I've sold hundreds of homes and
now I'm sharing exactly how so you can sell your home too.
Inside of the seller seminar you'll get step by step videos
breaking down everything you need to know BEFORE selling
your home - to get the highest price possible,
in the quickest time possible.
pre-market Timelines
How Quickly sold?
pre-market Timelines
How Quickly sold?
Meet Maureen Mahood
trusted Realtor and Broker with years of experience. She can guide you through the buying process to help you achieve your Real Estate Goals.
Maureen Mahood | Realtor & Broker
DRE #281766
Are House Prices Dropping in 2023? Here's What You Need to Know
Hello everyone, I'm Maureen Mahood with SellYourHomeCharlotte.com. As always, I'm here to provide you with the latest insights into the housing market. Let's dive into what the experts are saying about the housing market in 2023.
According to various sources, including USA Today, Fortune, and Freddie Mac, the housing market is experiencing some significant changes. The U.S. economy has been growing at its long-run average rate of 2% during the first quarter of 2023, and the labor market remains strong with an unemployment rate below 4%. However, the housing market has been impacted by high rates, with many U.S. homeowners locked into previously low mortgage rates and content to remain in their current homes. This has helped to keep inventory low.
Robert Shiller, who accurately predicted the 2008 housing bubble, is closely watching the U.S. housing market after its period of exuberance during the pandemic, which included a 43% jump in U.S. home prices. Fast-forward to 2023, and the market is showing signs of cooling down.
Most experts in the housing industry predict less buyer demand, lower prices, and higher borrowing rates. Mortgage rates have dropped from their peak, but at 6.26%, they remain above anything seen since 2006. This, along with a shortage of availability, has pushed many purchasers to the sidelines. Home prices may fall slightly, but not drastically as they did in 2008.
So, what does this mean for you? If you're a homeowner thinking about selling, remember that as home prices increase, the number of buyers who qualify decreases. Also, keep in mind that if you're waiting for your home to appreciate, so is the house that you're planning to purchase.
For buyers, as interest rates rise, your purchasing power decreases. It's important to consider these factors when planning your next move in the housing market.
Thanks so much for reading, and as always make it a great home selling and buying day. If you ever have any questions at all feel free to reach out, and I will see you next time.
Sources:
"It was a pleasure working with Maureen to sell my home."
"Maureen is knowledgable of the real estate sales process and the Windsor Park neighborhood. Maureen was instrumental in researching and determining the sales price, staging the home, coordinating seller's concession repairs, and keeping me informed during the closing process. I highly recommend Maureen"
- Kenneth Flynn
"I highly recommend Maureen Mahood"
"She is highly responsive and will go above and beyond. We had a very positive experience and sold our house quickly and over asking price."
- Heather and Curtis Stickney
"Maureen is the best!"
" She was knowledgeable, direct and really helped us as first time sellers to understand the process. She was always quick to respond to any questions we had and helped us get under contract faster than we thought possible! Highly recommend her for your real estate needs!"
- Abigail Baet
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Sell Your Home Charlotte
6300 Thelo Dr
Charlotte NC 28212