Brought to you by , Funkhouser Real Estate Group, , scott@HarrisonburgHousingToday.com
Thursday, June 1, 2023
Let's take some wild guesses here.
Between June and December of 2023, what trends do I expect to see in the following areas...
[1] Home Sales = no change (similar pace as early 2023)
[2] Home Prices = increase
[3] Mortgage Interest Rates = decrease (though likely not by much)
[4] Inventory of Resale Homes = no change / decrease
[5] Inventory of New Construction Homes = increase
What about you? Would you predict anything wildly different?
[1] Will mortgage rates drop significantly?
[2] Will home prices stop rising?
[3] Will inventory levels rise?
