6 Reasons Why Q4 Was The Bottom

CHICAGO

6 Reasons Why Q4 Was The Bottom

6 Reasons Why We Believe Q4 Was The Bottom

 

1. 25% increase in weekly mortgage applications.
 
2. Mortgage rates continue to move down to a 4-month low.
 
3. Increase in buyer interest, open house traffic, and offers.
 
4. In the last quarter of 2022, 42% of sellers were giving concessions to buyers at the closing table, a 10-year high.
 
5. Home builder sentiment improved for the first time in 1 year.
 
6. Pending closings were down 30+% at points in the fall but over the last few weeks, we have seen pending listings in most of our markets nearly flat year over year.
 
 
Ultra Luxury Living International Real Estate - Miami Real Estate - Palm Beach Real Estate - Naples Real Estate - Kristine Farra - Gold Coast Real Estate - Gold Coast Exclusive - Live Your Luxury - #LiveYourLuxury
 
 
 

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