Is the real estate market crashing?? Again!? It’s The UPSIDE/DOWNSIDE Real Estate Report for 2023. If you’re a home buyer or seller in the Greater Boston markets, this report is packed with valuable insights direct from the trenches of my day-to-to as a local REALTOR. Stay informed about current trends and seize the opportunities available to you each and every month. Let’s get into it!
The Upside for Home Buyers:
Take advantage of the current market conditions! With interest rates hovering near mid 7% – 8%, there is reduced competition and ample opportunities for you to find your perfect home! Act now and secure a property before rates potentially rise further, or, they finally drop and the masses re-enter the market. Gain an advantage in popular areas like Manchester or Salem, NH, and Andover and Haverhill, MA, where desirable homes are waiting for you.
The Downside for Home Buyers:
Keep in mind that interest rates remain volatile. Some buyers have experienced rates as high as 8%. Although it may seem discouraging, remember that real estate is a long-term investment. Over time, you can refinance, leveraging lower rates. Embrace the current market and make an investment today, that will benefit your real estate portfolio in the future. Ready to explore options? Let’s jump on a discovery call today!
The Upside for Home Sellers:
Congratulations, sellers! Again! Low inventory continues to create a favorable seller’s market. Seize this opportunity to capitalize on the equity in your home. Consider using the proceeds to upgrade to a new property for your family or explore investment options such as summer vacation rentals. There are numerous avenues to maximize your home equity, and I’m here to assist you every step of the way.
The Downside for Home Sellers:
It’s important to note that market volatility persists. Month-to-month fluctuations make it challenging to predict the level of buyer interest. While some sellers may receive multiple offers (which is still advantageous), others might face a more limited number. However, rest assured that even with fewer offers, you can still benefit from the current market conditions and maintain your leverage in the negotiation. Let’s schedule a discovery call for personalized guidance in todays ever-changing market.
Final Thoughts:
Thank you for reading the UPSIDE/DOWNSIDE Real Estate Report for June 2023. The New Hampshire and Massachusetts real estate markets continue to present unique opportunities for both buyers and sellers. Stay informed about interest rates, inventory levels, and market trends to make the most of your real estate goals. I’ll be back next month to provide further insights and analysis. Feel free to contact me anytime with your real estate questions! Or let me know what other insights would be helpful in this monthly report.
