Wine Country and North Bay Real Estate trends: March 2024 ...Middle East

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By Gerrett Snedaker There are more listings, more inventory, and more sales now than there were a year ago.  Sales are increasing because inventory is increasing. Buyers have more properties to consider. We are slowly emerging from the “supply constrained market” (seller’s market) where we have been for most of the last decade. With growing inventory, there is less pressure on price appreciation and home price appreciation is now expected to be flat for 2024. The Federal Reserve has softened their forecast of rate reductions for this year until they see better numbers in the economy. This could keep mortgage rates in the 7-8 percent range for the balance of the year. If rates are stable – th

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