"New normal" is a phrase that we have heard often since the beginning of the pandemic. But, it appears that is where our real estate market is now. After a very hot market for over two years, buyers took a pause for the second half of 2022. Now some of them are coming back. The market slightly favors sellers, in that there is a bit more demand than supply, and overall, the market appears to be stable. New normal refers to the notion that a new floor has been set for home prices, driven in large part by investors who paid cash for their homes. Time will tell.
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