What Do Experts Say About The Spring Housing Market?
The real estate market has changed a lot lately, and it’s uncertain what will happen this spring. You may be wondering if there will be more homes on the market, what will happen to house prices and mortgage rates, or what is the best advice for someone in a similar situation.
Here’s what industry experts are currently saying 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.”
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
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