January 16th, 2023: Market Update

January 2023 Market Update from Keystone Mortgage on Vimeo.

I wanted to give a quick market update now that it’s 2023 and some things have changed in the market over the last few weeks.

After a relatively slow last couple of months of 2022 when rates were higher and people weren’t sure what was going on with the economy or interest rates,  things slowed down a touch.

However, what we’ve noticed since the start of the year, more buyers are coming back into the market. More people are saying, “Hey, I want to buy before spring.”

Interest rates are quite a bit off their highs that we experienced in the late fall. So payments are lower than they were. We’re finding that more people are starting to look to list their house, which means there’s going to be more inventory available for the buyers out there, we would love to help you.

Please give us a call to get pre-qualified. You can reach us at (865)-909-0211.

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