Many real estate market watchers, home buyers, and home sellers are ready to get this tumultuous year over with and move forward with a fresh new 2023. We don't know yet how historians will view 2022 once we have moved far into the future, but those who have navigated the roller coaster of interest rates and home prices will not soon forget the challenges that this year brought to both buyers and sellers. One of the biggest factors impacting both sides of the real estate contract is interest rates. While many have opinions on where 2023 will land, for anyone analyzing the market it's at best an educated best guess based on what we know right now in this moment. Forbes recently brought together the forecasts of several industry experts, and one thing is clear: there is no real consensus on where markets are going in 2023. However, as a top Realtor in the Phoenix/Scottsdale area, I can tell you that if you are looking for a home that you will stay in for several years, trying the "time" the market to get the best prices or rates rarely works in the long run. Working with a high-quality Realtor, such as Merritt Group Fine Properties, will help you structure the best deals possible in today's market.
We are here to help! If you want to find out how much your home is worth in this strong market, email me at [email protected]. We would be happy to help you determine if the time is right for you to sell your home or buy a new home.