The Housing Market is Heating Up!
PRMG HOUSING MARKET NEWS AND UPDATES: May 29th, 2023
With over 80,000 listings and 20,000 homes already under contract, the demand for homes is high but the supply has been scarce. As rates trend lower and summer approaches, sellers are starting to test the waters. And not only are the new listings going up, but the listing prices are too! Don’t miss out on this hot opportunity to buy or sell in the seasonal spring purchase season. Numbers don’t lie: $30 trillion in equity, $43 trillion in home value, and a 2% GDP estimate for Q1. But with the Fed predicting a potential recession and a need to bring the annual growth rate down to just 0.4%, the road ahead is far from certain.
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