The outlook for residential real estate in 2023 | Jax Daily Record | Jacksonville Daily Record
NEFAR President Mark Rosener predicts a much calmer year with stabilized interest rates.
Source: jaxdailyrecord.com
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NEFAR President Mark Rosener predicts a much calmer year with stabilized interest rates.
The drop, along with a 2% decline in prices, is considered a sign of “a more stabilized market.”
Inflation, rising interest rates and low inventory are factors in higher home costs.
The Northeast Florida housing market showed a minor drop in month-over-month prices in September among higher inventory and mortgage rates.
Homes are on the market longer and there is slightly more inventory.