Admin

Housing Market - Changes Mean Good News For Home Buyers

By
Real Estate Agent with Florida Homes Realty & Mortgage

The housing market is changing. Looks like good news for home buyers

One thing’s for sure,
if you’ve been trying to buy a home over the past two years,
you’ve probably faced your fair share of challenges.
Two big ones stand out to me. The limited number of homes for sale,
and the intensity of bidding wars. But, here’s the good news.
Things are starting to shift. 
Take a look at this. This graph shows housing inventory is increasing.And that means you have more options for your home search.That's because more homeowners are listing their houses for sale right now, and rising mortgage rates are moderating the market. So, some of the frenzy is actually cooling off. This is huge if you’ve been worried you won’t be able to find a home to buy, or if you’ve been outbid too many times to count.
So, if you’ve put your home search on pause ,it may be time to re-enter the market.
It won’t be easy, since inventory is still low overall, but it definitely won’t feel as impossible as it has in recent years. If you’re ready to get started,
let’s work together to explore those options and find you the home of your dreams.
and by the way I can help you with your real estate needs here in north east Florida personally  and  I can connect you with an experienced and dedicated agent that’s familiar with the market in your area no matter where you are. 

 

Mike & Cindy Jones, Jacksonville Real Estate Agents
904 874-0422
MikeAndCIndyJones.com
Berkshire Hathaway HomeServices
Florida Network Realty

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information. Buyers and sellers in your area will benefit from your expertise. Wishing you continued success.  Have a wonderful day and sell a house.  bill

Jul 18, 2022 06:23 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Mike and Cindy. Opportunity continues to knock in good times and in bad for the knowledgeable. The bar of what is acceptable shifts but the need to sell or buy continues without regard to current economics. Enjoy your day.

Jul 18, 2022 06:31 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and enjoy your day!

Jul 18, 2022 06:49 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

We can definitely see the shift happening all around us here in SE Wisconsin.  Buyers will benefit and many sellers will wish they had listed a few months ago before. 

Jul 18, 2022 07:27 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Good to see you guys back it seems like years since we connected or commented on each other's post, congratulations on being on the Daily Drop, Endre

Jul 18, 2022 10:49 PM
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

The administration's war on domestic oil has skyrocketed gasoline prices, causing historically high inflation, causing the Fed to increase interest rates. All these factors combine to weaken the economy. Gas prices, inflation and higher interest rates siphon money out of the monthly budgets of homeowners and future homebuyers.

 

Fewer buyers means lower demand which increases inventory and slowdown of the intensity of bidding wars. Depending on the degree of future mismanagement of the economy, we may enter a recession which may trigger a housing crash of borrowers who overpaid and over-leveraged but find themselves unable to make the payments.

A housing market slow-down or crash will create opportunities for buyers who have great credit and reliably low debt-to-income ratios.

Jul 19, 2022 10:06 AM
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

Whatever buyers/sellers choose to do, it's an important decision that requires careful thought and consideration.  You must prepare for the market you are in!

Jul 19, 2022 10:07 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thankfully there will be more inventory for buyers who have been shut out.  I only hope that for them the prices aren't too high now and that they can still buyer a home.  

Jul 19, 2022 12:59 PM
M.C. Dwyer
Melody Russell Team at eXp Realty of California, Inc. - Felton, CA
MC Dwyer-Santa Cruz Mountains Property Specialist

Great post about the silver lining of the housing market shift!

Jul 20, 2022 06:27 PM