While the Fed hopes to Calm Demand in order to Curb Inflation, the market will continue to be strong here in RI and elsewhere. I do believe the higher interest rates WILL in fact impact demand and home appreciation will lessen a bit. From all that I listen to, I believe prices will decrease @5-10% in our local RI market but not for quite some time. We simply still have incredible demand and very little supply of inventory.
- What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead.
- Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.
- Let’s connect so you can make your best move this year. I am here to help!