The Philadelphia Caller
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CONNECTICUT - The housing market in Connecticut has seen a surge in activity over the last two years, with demand exceeding supply. This trend is expected to continue this year, although the rising interest rate will likely contribute to a slight decline. One of the main problems in Connecticut is a shortage of inventory, which prevents buyers from making the best deals. While inventory levels are slowly rising, they remain low at four months.
CONNECTICUT - The housing market in Connecticut has seen unprecedented activity over the past two years. Prices are projected to increase slightly this year, but the pace of appreciation is expected to slow down a bit as the inventory of available homes increases. The good news is that interest rates are expected to rise in the coming months, which may make this the ideal time to buy a home.
RHODE ISLAND - If you want to buy a home in Providence, RI, you might want to pay close attention to real estate trends in the next few years. Rhode Island is a city that is experiencing rapid growth, but it's still relatively affordable compared to its neighboring states. The city is also home to Brown University, which has significantly impacted the area's housing market.
OREGON - When you're looking to make money in the Portland real estate market, it's important to look at the recent trends. One of the major trends is the migration of homeowners from the city to the suburbs. This is good news for Portland real estate investors, but it also means that vacancies in the city are increasing. As a result, investors are turning to long-term rental properties. As a result, the housing market is now catering more to rehabbers and landlords than to flippers.
WASHINGTON - The Seattle housing market is growing strongly, according to recent data. In the second quarter of 2023, home values in the Seattle metro area are expected to be higher than they were last year. This is due in large part to the well-paid tech workers who can afford to compete with other buyers to buy a home. The average home value in Seattle increased 17.3% in the past year to $830,000, which is good news for home buyers. Prices are also expected to continue to increase.
WASHINGTON - Seattle's housing market will likely remain a seller's market in the future. The housing market in Seattle had only 0.3 months of inventory last year, which was below the level needed for a buyer to secure financing. Despite the lack of inventory, the US housing market has been experiencing record low mortgage rates. Moreover, the supply of new homes on the market is limited, and the construction industry suffers from a labor shortage. This combination of factors can make it extremely difficult to sell homes.
