There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
The Greater Naples and Bonita real estate market currently enjoys stability, a welcome shift from the 20% price increases during the COVID era.
The average sale price increased by what?!
Interest rates have stabilized for the moment. However, they are expected to change in the first quarter of 2024
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