📍Location🏡Location🏡Location📍
🔹When buying or selling real estate, we have all heard the longtime real estate mantra of location, location, location, and today more than ever this stands to be so true.
🔹During the last couple of years during the pandemic, there was a national frenzy to purchase real estate as buyers spent thousands of dollars on homes just about everywhere.
🔹This created multiple offer scenarios and drove real estate prices up around the country.
🔹However, today there doesn’t seem to be a national housing market but rather a very regionalized market with different scenarios happening around the country.
🔹As mortgage rates continue to increase, some markets are experiencing a slowdown while others are heating up.
🔹Home prices are accelerating in some area while other market are seeing a decrease.
🔹Bidding wars in one neighborhood may not be happening in another nearby. The real estate market is all about the location.
🔹But why is that? Listen to what Ali Wolf, Chief Economist with Zonda has to say about this.
🔹 Of course with all this being said, there’s still one big caveat, low supply of housing has buyers still willing to pay premium for move-in ready homes in communities with good schools and near big cities.
🔹If you are planning to enter the housing market and are feeling a bit confused about what is going on, it is best to consult an experienced real estate professional.
📲Feel free to connect with me today at 619-851-6028 so I can guide you through this important decision.
👩🏻💼Betty Torano, REALTOR®️
🔸DRE #01922297
☎️ 619-851-6028
📧 [email protected]
🌐 www.BettyTorano.com
🔶 eXp Realty
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