The Philadelphia Caller
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COLORADO - Colorado's real estate market continues to be a seller's market, and there is a strong potential for continued home price appreciation, especially in the Denver area. Rents will also increase, but interest rates will remain historically low. Several factors are driving this growth, including increased consumer confidence and the emergence of a new generation of buyers.
HAWAII - The Hawaii real estate market is progressing rapidly, with prices hitting new highs. Demand is also driving up mortgage interest rates. Oahu real estate is continuing to show new records in median home prices, while condo sales are also surging. With this strong demand, buyers have many opportunities to purchase homes in Hawaii.
ALASKA - If you're looking for Alaska Real Estate Stats and Trends for the year 2023, you've come to the right place. In this article, you'll discover which markets are most likely to see declines in the next decade and which will see home price growth slow. Then, you'll discover why Fairbanks will likely be one of the most affected markets in 2023.
WASHINGTON - As the Washington real estate market continues to grow and change, the outlook is for increased prices and decreased home inventory. This is great news for buyers and sellers alike, but it also means that the cost of purchasing a home in Washington, DC, will continue to rise. In July, the housing market in Seattle saw an increase of 1.1213 new listings, and home values are expected to rise 5.7% between July 2022 and July 2023. In Mount Vernon, WA, home values are expected to increase by 3.1% in the same time frame.
OREGON - As, the state of Oregon, experiences a shortage of housing inventory, and more investors are turning to the rental market to offset the higher acquisition costs. These days, renting properties can be a better play than buying single-family homes because higher monthly rents can help offset higher prices. The lack of housing inventory will increase the demand for rental units in the state and reduce the risk of vacancies.
CALIFORNIA - California's housing market is facing challenges. The biggest challenge is the end of pandemic stimulus payments. This could throw a lot of homes onto the market. Also, the eviction moratorium is set to expire, which could put many homes on the market. California's unemployment rate is still high, but it has been improving. Nevertheless, it is still among the highest in the nation.
