Description: Expert Real Estate Agents with Berkshire Hathaway HomeServices
home selling (360) home buyer (300) real estate tolland premium upscale investment property listing home buying
As we start the 2023 Spring Season, the Real Estate market in Tolland has slowed down from the frenzy of 2021-2022. For a couple of years we had a very strong Sellers market. Now the market has slowed down for multiple reasons: the ebbing of the Covid 19 crisis, increases in home mortgage interest rates, anxiety about the evolution of the US economy, talk about recession and so on. The supply of homes for sale continues to be limited and the number of active buyers has decreased. This has lead to the re
It will be interesting to see how things evolve. Remote work is still quite popular and prevalent giving more flexibility to both buyers and sellers. Changes in work processes and patterns in the real estate and legal spaces have become the new norm.
Econ 101: Supply and Demand.