What can you expect from the Housing Market for the rest of the year? #firsttimehomebuyers #forbuyers #ktgrealty #forsellers #realestateupdate #housingmarketupdate
The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com : “The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beginning of the year. The catch up is likely to continue, . . . This growth will mean more options for shoppers than they’ve had in a while, even though inventory continues to lag pre-pandemic normal .” As a buyer , having more options is welcome news. Just remember, housing supply is still low, so be ready to act fast and put in your best offer up front. As a seller , your house may soon face more competition when other sellers list their homes. But the good news is, if you’re also buying your next home, having more options to choose from should make that move-up process easier. Mortgage Rates Will Likely Continue To Respond to Inflationary Pr
