If you need assistance, please call 703-743-4410

What Opinions Do Experts Have On the Fall Housing Market?

Friday, October 14, 2022   /   by Laura Larson

What Opinions Do Experts Have On the Fall Housing Market?

Since the peak frenzy it experienced during the previous two years, the housing market has been gradually altering. That means whether you're considering buying or selling this fall, you probably have questions about what would be your best course of action.

In order to make a confident choice, rely on the expertise of the experts. Here are some observations made by specialists regarding the collapse housing market.

Expert Sayings for Autumn Home Buyers "Buyers looking for a home will have some breathing room this fall thanks to a more moderate pace of home sales, more listings to pick from, and slowing price growth," according to the report.

ShowingTime's vice president and general manager, Michael Lane "Buyers will continue to have less competition for available properties and will have more time to view properties they are interested in and weigh their alternatives."

Quotes from experts for fall sellers
Selma Hepp, interim director of CoreLogic's Office of the Chief Economist:“. . . Housing demand is still being fueled by record equity, especially if households are moving to more inexpensive places.

Chief Economist Danielle Hale:

Remember that listing prices, while lower than they were a few months ago, are still higher than in previous years. If you've owned your house for a longer amount of time, you're more likely to find possibilities to cash in on record-high levels of equity.

Bottom Line
Mortgage rates, home prices, and the supply of homes for sale are top of mind for buyers and sellers today. And if you want the latest information for your area, partner with Laura Larson now!