Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year?
- Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways.
- First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time.
- If you have questions about the housing market, reach out to a trusted real estate professional.
The desire to own a home is still strong today.
According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing.
- Experts say the number of homes for sale is growing this year, and that can have a big impact on your move.
- If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of your dreams.
- Connect with a local real estate advisor so you have the latest information on available homes in your area.
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year.
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market.
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market.
If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey.
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up.