Natalie Davison, a Moncton-based realtor, says the inventory is at the lowest point she’s had in the past 12 months.
Financial experts are predicting interest rates will begin to drop later in the year and Davison said that should kick-start the market.
“Lower interest rates are going to mean an increased demand and I see just more of a seller’s market, low inventory in Greater Moncton this year,” said Davison.
Mike Power, the incoming chair of the New Brunswick Real Estate Board, said overall volumes were a little lower than last year, but above historical sales.
Power believes it should…
realtor definition
Turnaround in Home Sales Likely in 2024
© Maria Korneeva – Moment/Getty Images
After two years of sharp declines, existing-home sales are poised for improvement in 2024. But first, this slice of the housing market must weather the rest of a rocky year in 2023, with existing-home sales expected to end up 18% lower than those of 2022, according to the National Association of REALTORS®. That puts these transactions on track for their worst year in more than a decade.
NAR Chief Economist Lawrence Yun joined other leading housing analysts Tuesday at NAR’s virtual Real Estate Forecast Summit to discuss sales projections heading into 2024—and the experts…
4 ways buying a home in D-FW may change after landmark Realtors settle
The way homes are bought and sold in the Dallas-Fort Worth metroplex may change if a $418 million settlement reached by the powerful National Association of Realtors last week holds up.
The settlement changes several rules that lawsuits allege forced sellers to pay artificially inflated prices to sell their homes. It could mean the end of the 6% commission. The agreement must be approved by a federal judge.
The NAR will no longer require a broker advertising a home on the Multiple Listing Service to list or offer any upfront compensation to a buyer’s agent. Offers of compensation can be…