OCTOBER 2023 MARYLAND Housing Statistics
By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
As we enter the holiday season the housing market is feeling the affects of a normal seasonal cycle with fewer transactions. Inventory remains in short supply as many home owners with sub 4% mortgages are delaying a move. Higher home interest rates have caused Buyer activity to cool down as many have hit an affordability ceiling. It is anticipated prices will continue to increase through next year in many areas and neighborhoods where fewer homes are available and strong buyer activity is present in the affordable and mid-price ranges. Qualified buyers that think waiting for a lower interest rate environment is advantageous might be surprised to learn that waiting actually has a very strong chance of costing them much more over the long-term as home prices continue to increase. If you ...
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