05/31/2022
Quick RE Read!
What Does the Rest of the Year Hold for the Housing Market?
What does the rest of the year hold for the housing market?
>>The Number of Homes Available for Sale Is Likely To Grow
According to Danielle Hale, Chief Economist at realtor.com:
“The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beginning of the year. . . . This growth will mean more options for shoppers than they’ve had in a while, even though inventory continues to lag pre-pandemic normal.”
• Buyers: remember, housing supply is still low, so be ready to act fast and put in your best offer up front.
• Sellers: having more options to choose from should make that move-up process easier.
>>Mortgage Rates Will Likely Continue To Respond to Inflationary Pressures
Odeta Kushi, Deputy Chief Economist at First American...
Message me about selling or buying!
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say.