Are We About to Enter a Buyers’ Market?
Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?
The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:
In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:
Only 5% said the market has already shifted. Here are the rest of the survey results:
The market is beginning to normalize but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:
Blog Archive2018-12-07 15:09:36
The Tale of Two Markets
Try Just One More Time
Where Are Interest Rates Headed in 2019?
Homeowners Aged 65+ Have 48x More Net Worth Than Renters
4 Reasons to Buy A Home This Winter!
7 Items to Check Before the Big Freeze
Further Proof It’s NOT 2008 All Over Again
24% of Renters Believe Winter is the Best Time to Buy a Home
The #1 Reason to Not Wait Until Spring to Sell Your House
Buyers: Don’t Be Surprised by Closing Costs!
3 Things Homeowners Are Thankful For
Females Are Making It a Priority to Invest in Real Estate!
7 Reasons to List Your House For Sale This Holiday Season
The Cost of Renting vs. Buying a Home
Home Sellers in Q3 Netted $61K at Resale
How to Honor a Veteran Today and Everyday
Highlights From This Month's Update
75% of Renters Have Been Misinformed
Why Has Housing Supply Increased as Sales Have Slowed Down?
2 Myths Holding Back Home Buyers
Are We Heading Towards Another Housing Bubble?
How Will Home Sales Measure Up Next Year?
Taking Fear Out of the Mortgage Process
Are You Spending TOO Much on Rent?
Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner
Click here to see ALL articles.