July 2023 Real Estate Newsletter
Thursday Aug 10th, 2023
ShareJune was a similar month to May in terms of number of sales, listings inventory and overall days on market. There seems to be a large increase in sales of properties under 400k as buyers are getting lower mortgage approvals due to high interest rates. Rates may go up again this month by .25% or more to continue to battle inflation. Will this have an impact on the real estate market? The only impact I think it will make is to reduce the mortgage qualification amounts for buyers. The... [read more]
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