2023 housing market
From multiple offers, to very busy open houses the market in Westlake Village is heating up.
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.
Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pick up. All of that’s great news for the housing market this year. Here’s what experts are saying.
“The current state of the housing market is that it is certainly in transition.”
“Housing is going to ease up. I think 2023 will be a turnaround year.”
“Mortgage rates have fallen in the recent past weeks, so I’m very hopeful that the worst in home sales is probably coming to an end.”
“. . . it appears a turning point for housing lies ahead. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.”
If you’re thinking about making a move this year, a turnaround in the housing market could be exactly what you’ve been waiting for.
Let’s connect to talk about the latest trends in our area.
Stay up to date on the latest real estate trends.
Making Smart Real Estate Moves in Westlake Village, Thousand Oaks, and Agoura Hills
With High Demand and Low Inventory, Your Home Could Be Exactly What Buyers Need
Explore the Emotional and Personal Rewards of Owning a Home
Avoid Common Pitfalls: Discover Why Online Estimates Fall Short and How a Local Agent Brings Unmatched Expertise to Pricing Your Home Right
Mortgage Rates, Home Prices, and Market Predictions—Expert Insights to Help You Navigate the Real Estate Market with Confidence
How Homeownership in Greater Ventura County Can Build Your Net Worth
How the Fed’s Latest Moves Could Impact Homebuyers, Sellers, and the Market in 2024
Breaking the usual seasonal trend, more homeowners in Westlake Village, Thousand Oaks, and beyond are listing their homes as mortgage rates dip. Here’s what it means f… Read more
Leverage Your Equity and Take Advantage of Lower Mortgage Rates to Make Your Move in Westlake Village, Thousand Oaks, and Beyond
You’ve got questions and we can’t wait to answer them.