What are the predictions for the fall housing market?

Lake Keowee Real Estate Fall Market

The housing market is rapidly changing from all the craziness we saw over the past two years. This probably means you may have some questions if you are thinking about selling or buying this fall.

To help you make a decision you are confident about, do your research and rely on the professionals for their expert advice. Here are some quotes from some experts regarding the fall housing market.

Quotes for fall homebuyers:

“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 search for a home during what is typically the best time to buy a home.”

Realtor.com

“Buyers will continue to see less competition for homes and have more time to tour homes they like and consider their options.”

Michael Lane, VP and General Manager, Showingtime

Quote for fall sellers:

“…record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas.”

Selma Hepp, Interim Lead of the Office of the CHIEF economist, corelogic

“For homeowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you’re still likely to find opportunities to cash-in on record high levels of equity, particularly if you’re owned your home for a longer period of time.”

Danielle Hale, chief economist, realtor.com

To sum it up, mortgage rates, home prices, and the supply of homes for sale are at the top of everyone’s mind, especially for buyers and sellers today. If you would like more information on the Western Upstate and the Lake Keowee area, contact Melanie Fink for a no-obligation chat about our market.

You might also enjoy

© 2024 | Site by Arbe Digital | Privacy Policy