REAL ESTATE MARKET NEWS

Home prices remain a mixed blessing, with local appreciation rates over 4.5% and nationwide between 4% and 7%, raising sustainability concerns. Despite stable interest rates since December, affordability is still a major issue, with the Federal Reserve's rate adjustments impacting mortgage rates indirectly. The housing market appears normal, with recurring discussions about pricing and affordability, and December's trends showed an increase in active listings and pending sales. Monitoring mortgage rates and inventory levels will be crucial for anticipating future growth and opportunities in the housing market.

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