Sandpoint Realty Wednesday Word 17. 67% of the general public believe the housing market is going to crash. In that figure I would also include Real Estate Agents. Here are just a few stats that are the other side of the coin or creating the proverbial ‘2nd side’ of the double edge sword.
While I believe we all are cognizant of the extremely volatile North Idaho Housing market-economy at the present time, I also believe the news media and social media are doing us no favors.
Accurate figures can be used to mislead, when just showing one portion of a larger picture. No one knows exactly where 2023 will take us. Watching the video does however, show there is much more to the story mostly being heard in Social Media and News headlines.
In giving a glimpse to the importance of knowing just how volatile this market is presently. Chart used in video shows buyer climate at different interest rates. The pictured chart is the same, but with January 2023 Mortgage rate figures being shown. As of today the rates have again climbed to roughly 7%. Do keep in mind that 7% is just a tad lower than our 50 year average. Again, full picture being important.
This ever changing market makes it extremely important to have a trusted counselor for your Real Estate needs. Please do contact me with any specific question you may have regarding the local North Idaho Real Estate Market.
‘Experience the Difference’ in working with a full time Professional Sandpoint Realty REALTOR®. Your wants and needs will always be my priorities.
Mark Don McInnes
Broker – REALTOR®
208 255-6227
SandpointNorthIdaho.com – North Idaho Home & Land Searches
Sandpoint Realty LLC
1205 Highway 2
Sandpoint, Idaho 83864