Spring is in the air
After 12 straight months of decline, homebuilder sentiment has finally ticked back up. Home builder confidence jumped in February by the largest amount in almost 10 years.
Now is a good time to love this market
Housing experts are not in agreement. Predictions range from prices rising by around 5% this year, to as much as a 22% decline from the peak in 2022. What happens with inventory, mortgage rates, and the broader economy will likely determine which track the market takes.
New year, new opportunities
Over the past year, the housing market underwent an about-face as rapidly rising mortgage rates dramatically slowed home sales activity. In 2023, the housing market is expected to continue its correction and the housing market should stabilize.
Christmas comes early for buyers
As we move into the colder months of the year, we can expect further declines in home prices. A new report shows homes are still selling in the United States, but prices aren’t going up nearly as fast as they were since early in the pandemic.
Some reasons to give thanks
U.S. home prices are finally falling from a record high notched earlier this year; and while it depends on the specific market, some buyers are beginning to see a more normal buying experience.
Cooler Temps Usher in a Cooler Market
After spiraling to new heights during the pandemic, the housing market is finally starting to cool. Home prices appear to have peaked in a growing number of U.S. markets.
Breathing room
The U.S. housing market continues to move toward more evenly balanced supply and demand compared to the 2021 frenzy. Home prices are coming down in some areas, and analysts expect that trend to continue.
Now’s the time
Admittedly, the landscape for buyers looks bleak. Yes, prices are rising and will continue to do so — but that will be good news for you once you’re all moved in.
The Market Is Still Hot
The days of soaring home values and bidding wars may not be through just yet. Although rising mortgage rates are expected to eventually alleviate demand, scarce housing inventory continues to pose a challenge for today’s homebuyers.
The Market Is Cooling Off As Temps Heat Up
Now that mortgage rates have returned to pre-pandemic levels, new home buyers are starting to feel the full weight of record prices.