After a wild 2022, a new year is here. But what will it hold for the real estate market? We’ve rounded up economists’ predictions for 2023: Mortgage rates will fluctuate less
Sales volume will fall and inventory will rise
Home prices will remain relatively stable
Rent prices will continue to climb Wondering what these trends mean for homebuyers, sellers, and renters in 2023? Check out our up coming Newsletter! Laurie-Shapoor@YourMontrealRealtors.com Laurie Fearon: 514.575.
Time may not be on your side when buying a new build home Most builders are reporting significant delays due to supply-chain disruptions. Some have even cancelled contracts completely! If you’re in a hurry to move into your next residence, then you may want to stick to shopping for an existing home. At least until new construction catches up with the current housing shortages. Of course, timeframe isn’t the only factor you should consider when planning to buy your next home.
IMPORTANT PSA If you struggled to buy a home last year, there may be some relief in 2022! Softening demand could make it easier to finally secure the home of your dreams. And if you’re a homeowner thinking of selling, it’s still a great time to cash out your big equity gains! And with less competition and a slower pace of sales, you’ll have an easier time finding your next home. So… what are you waiting for? Reach out for a free consultation so we can discuss your specific ne
Is a return to “normal” on the housing market horizon? Industry experts agree there will be some significant changes this year, and we want to keep you in the loop! In a fast-paced industry, we keep tabs on the local real estate trends so you don’t have to. And we’re here to guide you through the issues that are likely to drive home values. If one of your New Year’s resolutions involves buying or selling a home, contact our team to develop an action plan: 📲 [Laurie Fearon: 5
Here’s some of what industry experts are predicting: mortgage rates will increase, home prices will continue to increase, and the market will become more balanced. If you’re considering buying or selling a home in 2022, check out our latest article to learn more about where the real estate market is headed. #realestatetips #housingmarket #homebuyertips #2022goals #homeowner #realestatemarket #realestatetrends #realestatetips #buyer #homebuyer #seller #realtortips #firsttimeho
Shopping for a new construction home? Read on ⬇️⬇️ You may be thinking, “Do I really need a real estate agent?” In our experience, the builder has their best interest in mind, not yours! To negotiate the best price and avoid costly mistakes, it’s crucial to have professional guidance throughout the process. The best part? A real estate agent comes at NO COST TO YOU (in most cases). #realestatetips #realestate #homeowner #realestatemarket #realestatetrends #realestatetips #buy
FACT: A 2019 survey found that millennials’ homebuying regrets often came down to maintenance issues. So before you start your home search, it’s important to set realistic expectations about how much time, effort, and money you want to devote to maintaining your next home. 🧰 Are you a DIY enthusiast? Taking on a fixer-upper can be rewarding, though be warned that repairs have become more costly these days. 🏡 Maybe turn-key is more your style? A new construction home could g
Here are the top factors today’s buyers are looking for in their next home:
✔️ Equity potential
✔️ Close proximity to work and play
✔️ Room to grow
✔️ Functional space
✔️ Close proximity to quality schools EMPTY NESTERS:
✔️ Low maintenance
✔️ Close proximity to family, caregivers, and hobbies
So is it time to find a space that better fits your current stage of life?
Head to our late