Don’t expect the high housing price bubble to burst in 2023
If you are a buyer hoping that the housing prices might take a dramatic dive in 2023, you are probably going to be out of luck. Today’s housing market conditions are fundamentally different from when the “bubble” burst in 2008, according to National Association of REALTORS® (NAR) Chief Economist Lawrence Young, and housing experts in […]
Trends point to market stabilization
Buying still remains highly competitive despite low inventory According to the Northeast Florida Association of Realtors, while sellers remained firmly in the driver’s seat by the end of the first quarter of 2022, several factors point toward a more moderate and stabilizing real estate market coming to Northeast Florida. NEFAR’s April report showed a combined […]
