
Good Mortgage News!
It's true that the real estate market in Philadelphia is a bit tricky right now, especially for first time home buyers. As a recent WHYY article puts it, "Mortgage rates have come down a bit, but remain elevated. Home prices are still considerably higher than they were pre-pandemic. And inventory is low, in part because existing homeowners aren’t selling." However, WHYY continues by highlighting the silver lining that has always been true about our market, that it's steady. We may get smaller gains when the market booms, but we also get less severe declines in the tight times.
Team Damis has gone into 2023 in full force. With 8 settlements and several pending sales, we know how to navigate markets even when they're...