It’s a surprising prediction, but this chief economist’s numbers and reasoning is pretty sound. Even with high inflation, rising mortgage rates, and slowing sales, Lawrence Yun expects home prices to continue to rise. A big reason is the difference in the market from the Great Recession in 2008. Distressed sales, which accounted for a major drop in prices accounted for about 30%, however today, distressed sales are only about 2% of overall sales. He also expects the mortgage rate increases to have topped out. Making buyers more comfortable to eventually sign a loan. See the rest of his predictions by reading the National Association of Realtor’s analysis by Clicking Here.
Over 4 years, I’ve been a multi-million-dollar top producer with topnotch marketing, sales, and—above all else—a vast network and resources to achieve your real estate goals. I am a second generation Sarasotan and I love this city! I have since learned the intricacies of each neighborhood, each having its own unique and interesting history. Real estate is my true passion and I have built lasting relationships with many happy and satisfied clients. Let me be your local expert and help guide you through the market and process I know best. Let’s get on a call if you or someone you know is interested, my direct line is 941-284-0283.
