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When will the next buyers market come?

Reblogger Will Hamm
Real Estate Broker/Owner with Hamm Homes

Hello All and Thomas from New York has some great information on the next buyer market, catch it?

 

Original content by Thomas Santore Lic Associate Real Estate Broker 30SA0872839 
When will the next buyers market come?

Predicting the timing of the next buyer’s market depends on various economic, demographic, and market-specific factors. A buyer’s market typically occurs when the supply of homes exceeds demand, leading to more favorable conditions for buyers, such as lower prices and more negotiation power.

Here are key factors that could signal the shift to a buyer’s market:


1. Rising Interest Rates

  • Impact: Higher interest rates can reduce buyer affordability, lowering demand and leading to more inventory on the market.
  • Timeline: If rates remain high or increase further, we may see a slowdown in demand over the next 12–24 months.

2. Increased Housing Inventory

  • Impact: A surge in new construction, more homeowners listing properties, or foreclosures can lead to an oversupply of homes.
  • Timeline: Watch for significant growth in inventory levels, often reported by local real estate boards or national organizations like NAR.

3. Economic Slowdown or Recession

  • Impact: During economic downturns, fewer people can afford to buy homes, increasing inventory and shifting power to buyers.
  • Timeline: Economic forecasts indicate potential downturn risks within the next 1–3 years, depending on inflation and other macroeconomic factors.

4. Cooling Housing Demand

  • Impact: Changes in demographics (e.g., fewer first-time buyers) or migration patterns could decrease demand.
  • Timeline: This can vary based on local trends, such as shifts in job markets or population growth.

5. Regional Variations

  • Impact: Not all markets will shift at the same time. For example, overheated markets may see corrections sooner.
  • Timeline: Monitor local trends for early signs of a buyer’s market in specific areas.

How to Prepare

  • Monitor Inventory Trends: The Months of Supply metric is a key indicator. A balanced market typically has 5–6 months of supply. Anything above that leans toward a buyer’s market.
  • Stay Informed: Follow housing reports from trusted sources like the National Association of Realtors (NAR) or CoreLogic.
  • Work with Experts: Stay in touch with local real estate agents or market analysts who can offer insights on timing and opportunities.

While the exact timing of the next buyer’s market is uncertain, staying vigilant for these trends will help you identify when conditions are shifting in your favor.

 

By Thomas Santore

Local Market Report
Lic Associate Real Estate Broker
Westchester County Real Estate

Visit My Web Sites at; http://thomassantore.com
http://www.realestatesallhere.com/

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Thomas Santore       Westchester County Real Estate
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Show All Comments Sort:
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Will, for posting this reblog selection.

Have a productive week!

Jan 13, 2025 11:30 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good AFternoon Will Hamm 

Thank you for reblogging Thomas Santore Lic Associate Real Estate Broker post on when will the next buyers market happen.

Jan 13, 2025 12:05 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Will Hamm CT seems to lag behind whatever is happening in the housing market compared to the most of the country.  Right now we are not seeing signs of a Buyers Market yet.

Jan 13, 2025 12:17 PM