Tampa Bay's Morning Blend

Actions

Housing Market Update: Spring Homebuying Season Kicks Off With Steady Demand

Posted at 8:38 AM, May 09, 2023
and last updated 2023-05-09 08:38:45-04

With the spring buying season in full swing, many Americans are contemplating whether it’s a good time to buy or sell a home.

Higher mortgage rates and relentless competition for the few houses on the market are some of the many reasons sellers and buyers should work with a REALTOR® to find the right home and negotiate the terms of sale. In fact, according to the National Association of REALTORS®:

  • Existing-home sales jumped 14.5% in February to a seasonally adjusted annual rate of 4.58 million, representing the largest monthly percentage increase since July 2020 (+22.4%).  
  • Mortgage rates are significantly higher than last year, but they are still considered historically low.  
  • Housing inventory is expected to remain tight in 2023, with housing starts below historical averages. 

We're talking about what the real estate outlook is for the second half of 2023 in our area and if homeownership is still a worthwhile investment.
For more information, visit Realtor.com.

Tampa Bay's Morning Blend

9:57 PM, Oct 16, 2018

Tampa Bay’s Morning Blend is an original, local lifestyle show focused on providing our audience with informative, useful and entertaining content. It features a variety of community organizations, businesses and happenings in the Bay area. It is a marketing-friendly program dedicated to offering businesses the opportunity to showcase their company/products, reach potential customers and gain results.

Grow Your Business With Us!
For Sponsor Information:
TBMorningBlend@wfts.com