We are proud to present you with this synopsis of the national, regional, and localized trends that matter most to you, found here in our Roanoke_2022 Annual Report.
MARKET OUTLOOK – NATIONAL LEVEL
With our Nest Annual Report, we aim to provide the most useful information possible, as every homeowner needs to keep tabs on their investment, and every potential shopper needs to be informed before embarking on such a major financial decision. Locally, we study neighborhoods, builders, and development trends, but on a national level, there are three trends that year-in and year-out are a fantastic indicator of the overall health of our national economy, and by extension, the housing market: Mortgage Rates, Consumer Confidence, and Unemployment Rates. Looking at these numbers allows us to make predictions of what we should expect to see in 2023—which is a more stable real estate market. Mortgage rates have increased more quickly than economists had predicted, but they still remain in an affordable range, historically speaking. And while consumer confidence is down entering 2023, it has been trending upward since June 2022. And finally, unemployment is running extraordinarily low, which points to potential real wage gains in the coming year, benefitting average consumers.
MARKET OUTLOOK – LOCAL LEVEL
2022 was an incredible year in many ways. With all of the twists and turns that the year brought, the numbers actually showed a decline across the market in overall volume from 2021. While many local firms finished the year with a strong decrease in sales volume, Nest Realty Roanoke increased its volume by $22 million, annually. We successfully helped over 400 families buy, sell, or invest in real estate. We can’t thank you enough for trusting us with your real estate needs. Let’s continue to build and grow together in 2023!
–At Nest Realty Roanoke, relationships are everything to us. Your goals and best interest are at the heart of everything we do. We will continue to strive to understand our markets and your needs utilizing our technology, marketing, and design while having fun along the way! At Nest, we are all about intentional and strategic growth. As of 2022, we have 451 Nest agents buying and selling throughout 23 offices in 17 locations, spanning seven states across the U.S. With each new office that opens, we are able to expand our reach, better serving you, our incredible clients.