What Happens this Fall to the Houszing Market?
Updated: Oct 12, 2022
The houszing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall houszing market.
Expert Quotes for Fall Houszbuyers A recent article from realtor.com: “This fall, a more moderate pace of housz selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for a housz during what is typically the best time to buy a housz.” Michael Lane, VP and General Manager, ShowingTime: “Buyers will continue to see less competition for houszes and have more time to tour a housz they like and consider their options.”
Expert Quotes for Fall Sellers Selma Hepp, Interim Lead of the Office of the Chief Economist, CoreLogic: “. . . record equity continues to provide fuel for houszing demand, particularly if houszholds are relocating to more affordable areas.” Danielle Hale, Chief Economist, realtor.com:
“For houszowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you're still likely to find opportunities to cash-in on record-high levels of equity, particularly if you've owned your housz for a longer period of time.”
Bottom Line Mortgage rates, housz prices, and the supply of houszes for sale are top of mind for buyers and sellers today. And if you want the latest information for our area, let’s connect today.