The housing market is finally showing signs of stabilization after several years of rapid price increases. With mortgage rates projected to range between 6% and 7%, homebuyers and sellers can breathe a bit easier. While this is good news for some, it’s important to remember that the impact of higher interest rates will remain a key factor in restricting transactions.
The good news? More inventory is entering the market, giving potential buyers a better chance of finding their dream homes. Sellers may not see the sky-high prices of recent years, but a stable market is more sustainable in the long run.
So, what does this stabilization mean for you? If you’re a buyer, now may be a better time to enter the market compared to the high-pressure surges of the last several years. With more homes available, you have a broader choice and possibly more negotiating power.
Conversely, sellers need to recalibrate expectations. Houses may not sell as quickly, and competitive pricing will be crucial. But, with a steadier market, both sides can make better-informed decisions without time pressure.
We are pleased to announce our strategic partnership with Fidel Moralez, a highly experienced local real estate agent and loyal referral partner of Bay Hauling. He’s an expert in all aspects of housing and serves as our constant pulse on real estate trends.
This partnership not only delivers top-notch services but also offers valuable insights into the local market. Whether you’re a buyer, seller, or simply looking to stay informed, it pays to have trusted experts by your side.
Getting your property ready to hit the market or simply clearing out clutter? Bay Hauling is here to help!
From decluttering your home and getting rid of unnecessary items to providing junk removal services that make your move easier — we do it all!
Contact Bay Hauling for prompt and reliable service because we understand that the moving process is just as important as the purchase itself.
