The housing market this spring has been one for the books! The biggest question now is – will the market be slowing down?
Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station and I am here to help answer that
question for you!
The short answer: no! No data out there supports a slow down in the market. Altos Research says, “We keep watching for it, but there are absolutely no signs of market
slowdown anywhere in the data. If anything we’re seeing the market continue to heat up.”
According to the NAR, most states are seeing a strong buyers marker (Use Slide Here). Even with the recent interest rate hike, the buyers are not slowing down.
On the flip side, we have slow seller traffic (Use Slide Here), in some places we see just about nothing! This keeps driving up the prices.
But very recently we have seen an increase in active listings across the country for the first time in months, so there is a little light out there for buyers. But there’s still more competition than most experts had predicted.
Lance Lambert from Fortune said, “Now, more industry insiders are throwing out their previous forecasts and replacing them with more bullish short-term outlooks.
Indeed, some experts say the 2022 spring housing market might go down as one of the most competitive on record.”
If you have been out there trying to buy a house you know that’s exactly right! The moral of the story is you need a community market leader helping you navigate buying and selling real estate. Nobody wants to leave money on the table. If you are thinking about making a move and have some questions, give me a call, I’m happy to talk over all your questions and concerns.
I’m your community market leader Sherri Echols, a helping hand for a happy home.
I’m your community market leader Sherri Echols, a helping hand for a happy home!
