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Those housing trends are continuing, causing 2023 to be something of a transitional year. Sellers still have an edge in many areas, thanks to continued scarcity of houses, and no one expects a dramatic crash in home prices or values. Still, the frenzied pace has definitely subsided, and many analysts see a shift towards a more balanced market, benefitting buyers.

Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process for the individual. Before starting your home search, you’ll want to understand the ins and outs of homebuying. Doing so will empower you to make decisions that are the best for your family — and your wallet.

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