July 2023 - The housing industry landscape has evolved into a seemingly paradoxical state, with high mortgage rates and elevated home prices coexisting alongside a reduction in mortgage originations. This intriguing scenario leaves many questioning: why aren't home prices falling in such an environment?
Industry experts point to two main factors - a scarcity of housing inventory and a high demand for the limited available homes. This dynamic is also driving a surge in new-home sales. This trend has been consistent throughout the first half of the year, and without a significant increase in homes for sale or a major market shift, it's likely to persist.
However, amidst these complexities, there are opportunities to be found, especially in the beautiful region of Vermont. New England Landmark Realty, a leading real estate brokerage in Central and Northern Vermont, will guide you through this challenging market. Our dedicated professionals bring together diverse skills, experiences, and passion for the enchanting Vermont region.
Whether you're looking to buy or sell, we can help you navigate the current real estate climate. With a robust residential & land portfolio, we have properties catering to various needs and preferences. Our team is committed to helping you find your perfect home or sell your property at the best possible price.
Don't let the perplexities of the market deter you from making your next move. Contact New England Landmark Realty today at (866) 324-2427, or visit our website at https://www.nelandmark.com/ to explore our offerings and discover how we can serve you.