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What’s on the Horizon? Lower Housing Prices or Patient Buyers?

Updated: Aug 14, 2023

Anything to take advantage of the low rates has simmered. Now buyers are waiting to see what is going to happen next.

The media has induced some fear by speculating another housing crash, but I am here to tell you not to believe everything you read. Even though we are no longer seeing as frantic of buyers who helped drive up home values in the past couple of years, housing prices will likely stay put.

Why? The simple fact is low inventory. Because of the low inventory we still have houses selling at top dollar and fairly quickly, especially homes under $300k, because there are just not enough houses to go around. Sellers are under no pressure to sell because they have plenty of equity which also lowers the chances of foreclosures and short sales. And those who bought with a low interest rate have to be really enticed or experience a large change of life to give that up.

So, if you’re looking to buy a home, it’s time to get excited! You just need to work with a Realtor who knows the market well and can help you navigate the inventory shortage. With their help, you can stretch your budget and find the perfect home for you. Don’t miss out on this opportunity – let’s find your dream home together!

If you’re a seller now more than ever it is important to work with a trusted Realtor to ensure you are pricing your home correctly and navigating this sellers market to get the top dollar for your home.

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