Buying a House in 2023: What to Expect

More homes for sale, but supply still low
Tips for buying a house in 2023: A shortage of homes has fueled fiery competition among buyers in the last few years. But the supply is improving.

Homebuying competition a bit calmer
“The past two years, people would buy anything,”. Not anymore. Competition is still hot for modernized, move-in ready homes, but not so much for properties that need work.

Tips for buying a house in 2023

Shop lenders and get preapproved for a mortgage

“We always recommend getting in contact with a lender as soon as possible, not just to apply but to understand … the process,”

Home buyers still face tough challenges in today’s housing market: steep prices, elevated mortgage rates and a shortage of homes for sale.

Hire a good local real estate agent

An agent’s expertise in the local area is critical. Experienced local agents know what’s going on in their communities, and they share information with one another. That helps them find suitable properties and negotiate effectively for their clients.