There have been many changes this year for us and the markets we serve.
We’re here at the end of 2022, wrapping up the year and expressing our gratitude to all of you. We’ve experienced many exciting and wonderful things in our business, from merging our two teams to helping over 150 families. It’s been a rollercoaster of
a year in the markets, with some dramatic shifts going on. This is what we experienced during the year, and what we expect going forward.
Coming out of the COVID buying frenzy, we’ve noticed many buyers starting to pause and take a breath. Nevertheless, serious buyers are still out there making purchases,
but the bubble has begun to deflate a little bit.
"It’s been a rollercoaster of a year in the markets."
Demand is still very healthy in the communities that we service. While that demand is still there, however, that demand has changed. Buyers now expect more from a prospective home in terms of pricing and condition, and they are looking for a deal with
terms more favorable to them than the seller. It’s no longer a heavy seller’s market.
We also note there are changes going on in the rental market, too. While we expect rents to increase between 5% and 7%, this is looking strictly at the national level. To get a better understanding of what’s happening in the rental space, you would
need to narrow it down to the local level. That’s a conversation that we would be delighted to have with you.
If you are in the market or thinking of entering the market, give us a call. We are happy to help you as we move into the market of 2023. We look forward to working with you. Have a happy New Year.
