The Latest on Supply and Demand in Housing

Written by Anna Maria Island Mortgage Mortgage Syndicated User on October 18, 2022. Posted in Anna Maria Island Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Anna Maria Island, Move-Up Buyers.

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand)...

Perspective Matters When Selling Your House Today

Written by Anna Maria Island Mortgage Mortgage Syndicated User on October 13, 2022. Posted in Anna Maria Island Mortgage, For Sellers, Housing Market Updates, Mortgage Anna Maria Island, Move-Up Buyers, Pricing, Selling Myths.

Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While the supply of homes available for sale has increased this year compared to last, we’re still nowhere near what’s considered a balanced market. A recent article from Calculated Risk helps put this year’s increased inventory into context (see graph below): It...

What Are Experts Saying About the Fall Housing Market?

Written by Anna Maria Island Mortgage Mortgage Syndicated User on October 11, 2022. Posted in Anna Maria Island Mortgage, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Anna Maria Island, Pricing.

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall housing market. Expert Quotes for Fall Homebuyers A recent article from realtor.com: “This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for...

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