Posts from June 6th, 2023

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National Real Estate Market Update for 2023

June 6th, 2023 by Rebecca Kimberlin

There's an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates.

Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we're seeing further repercussions. While analysts expected listing inventory to swell as sales declined, instead, homeowners have been pushing off plans to sell because they feel beholden to their existing, lower mortgage rates.

So what impact is this reduced demand and low supply environment having on home values? And what can we expect from the real estate market in the coming months and years? Here are se...

Click Here to Read More...

Categories: Uncategorized

Rebecca Kimberlin Cell: (804) 938-5205 Fax: (804) 747-8193 Email Me

West End Office Main Phone: (804) 747-7653
100 Eastshore Drive
Suite 105
Glen Allen, VA 23059

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/06/2026. The listing information on this page last changed on 05/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/06/2026 12:01:50 AM EST) or CAAR MLS (last updated Tue 05/05/2026 11:10:08 PM EST) or CVRMLS (last updated Tue 05/05/2026 11:58:34 PM EST) or Williamsburg MLS (last updated Tue 05/05/2026 10:54:57 PM EST) or NNAR MLS (last updated Tue 05/05/2026 10:26:57 PM EST) or Chesapeake Bay & Rivers (last updated Tue 05/05/2026 8:50:25 PM EST). Real estate listings held by brokerage firms other than Napier Realtors ERA may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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Agency License Information: A licensed real estate firm in the state of Virginia.

Posts from June 6th, 2023

National Real Estate Market Update for 2023

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