Posted by Abie Calinisan on Tuesday, August 9, 2022 at 12:00 PM By Abie Calinisan / August 9, 2022 Comment
In the last few years, the housing market has been through some changes. The mortgage rate has spiked, inventory has increased, and prices have been falling.
The question is: WHERE WILL IT GO FROM HERE?
Here are experts' insights on where the housing market is heading.
Greg Mcbride, Chief Financial Analyst of Bankrate
"Until inflation peaks, mortgage rates won't either. Without improvement on the inflation front, we don't know where the interest rate ceiling will be."
George Ratiu, Senior Economist and Manager of Economic Research from realtor.com
"The number of homeowners listing their homes for sale has been growing for 2 straight months compared with a year ago, bringing more options for homebuyers to choose from."
Selma Hepp, Deputy Chief Economist of Corelogic
"The current home price growth rate is unsustainable, and higher mortgage rates coupled with more inventory will lead to slower home price growth but unlikely declines in home prices."
If you're in it for the long term, you don't want a single person's opinion or gut instinct. It's best to stay educated and get an analysis of the industry that factors in a number of important variables.
That's what we're here for!
At Matt Smith Real Estate Group, we study the market every day. We are here as a resource so you could make an informed decision about your home goals.
Our team of real estate experts can help you navigate through this normalizing market.
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