What the Experts are Saying About the Spring Housing Market Lately, the housing market's been going through a lot of changes, and there's been uncertainty surrounding what will happen this spring. Knowing what the experts are saying about the spring housing market would be helpful to increase your understanding and inform your decisions. Verify my mortgage eligibility (Apr 19th, 2024) There’re so many questions. Will more homes come onto the market? What's next with home prices and mortgage rates? Will housing inventory stay low? Is now a good time to buy or sell a home? What’s the best advice for someone in your position right now? Here's what industry experts are saying right now about the spring housing market and what it means for you: Selma Hepp, Chief Economist, CoreLogic: "We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year when relatively more migration happens, as people graduate and move elsewhere looking for jobs." Greg McBride, Chief Financial Analyst, Bankrate: "I don't expect big moves in prices in the span of a month, but like the flower buds of spring, the housing market is showing signs of improvement. A pick up in activity with inventory still low does bode well for home prices." Verify my mortgage eligibility (Apr 19th, 2024) Rick Sharga, Founder and CEO, CJ Patrick Company: "If you can find a home you love and can afford at today's prices, don't wait. Home prices in most of the country are unlikely to crash, and mortgage rates will only come down very gradually if they decline at all this year." Jeff Tucker, Senior Economist, Zillow: "The market is still much friendlier this spring for buyers who can overcome affordability hurdles, but buyers are going to see more competition than they might expect because there are not many homes on the market to go around. New listings are increasing, which they almost always do this time of year, but not nearly as quickly as usual." Bottom Line If you're thinking about selling your house, this spring's a great time to do so while inventory is still so low. And if you're in a good position to buy, build a team with a reputable real estate agent and trusted mortgage broker like The Byron Mortgage Team (BMT) to lean on for the best advice. Verify my mortgage eligibility (Apr 19th, 2024) At BMT, customer service is a way of life. Our team is dedicated to finding great rates and loan options for customers while offering some of the fastest turn times in the industry. Our goal is to be your trusted advisor, providing highly personalized service. We will help you through every step of the mortgage process – from application to closing and beyond. Everything we do is designed to exceed expectations, provide satisfaction, and earn trust. So, whatever your plans, let's connect to make sure you're able to navigate the spring housing market with confidence. Show me today's rates (Apr 19th, 2024) PJ Byron Sales Director/Loan Officer Click to Call or Text: (401) 626-5983 This entry has 0 replies Comments are closed.
