What do experts say about the spring housing market?
You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what advice you should give someone in your position right now. You may wonder if there will be more homes on the market this spring, what to expect with mortgage rates and home prices, or what advice you should give someone in your situation. . . During the spring, housing supply tends to increase. The housing market is showing signs that it is improving. Greg McBride is the Chief Financial Analyst at Bankrate. “I don’t anticipate big changes in prices within a month. But like the flower buds in spring, I do not expect big price increases.” Rick Sharga, CEO and Founder of CJ Patrick Company, says: “If you find a home that you love and you can afford, don’t delay.” Home prices are unlikely to crash in most parts of the country, and mortgage rates are likely to fall very slowly if at all. Jeff Tucker, Senior Economist at Zillow, says: “The market is still more friendly this spring for buyers that can overcome affordability obstacles, but they will face more competition because there aren’t as many homes to go around.” The number of new listings is increasing, as they usually do at this time of the year, but not as quickly as usual. Bottom LineIf you are thinking about selling your home, now is a good time to do it while inventory levels are still low. If you’re looking to buy, your team of experts can provide the best advice. Working with a real-estate agent will help you navigate the spring housing markets with confidence.
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