We’ve entered the third quarter, check out our Q3 Market Report of 2022! If you are considering buying or selling, it’s always a great idea to have knowledge about your local real estate market. In September, interest rates increased in an effort to calm inflation.
What does this mean for buyers? Even though rates are higher, lenders have creative financing programs that could help you afford more for your budget. That is why it is important to partner with a trusted, experienced lender and skill-based real estate agent. Higher interest rates also mean less buyers, thus less competition. Now is a perfect opportunity to negotiate better prices with motivated sellers. If you are a seller thinking of making a move, you can still cash in on record high levels of equity.
Be sure to read through our Q3 Market Report of 2022, where we share stats about the Philadelphia real estate market. If you are considering relocating to the suburbs, make sure to read about Montgomery County, Delaware County, and Bucks County. Thinking about moving across the bridge? View our South Jersey stats on Camden, Gloucester, and Burlington counties.
Whether you’re looking to rent, buy, sell, or invest, now you can also set an instant appointment with a PhillyLiving or JerseyLiving agent.