Understanding real estate market trends can help buyers and sellers make informed decisions. Here are some key trends shaping the market:
- Rising Interest Rates: Mortgage rates fluctuate, impacting affordability and home demand.
- Low Housing Inventory: A competitive market means buyers need to act fast and come prepared.
- Shift to Suburban Living: More buyers are prioritizing space and amenities over city living.
- Technology in Real Estate: Virtual tours, AI-powered listings, and digital closings are becoming standard.
- Sustainability & Smart Homes: Eco-friendly homes with smart technology are gaining popularity.
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