Firesign Properties LLC

05/06/2023

Foreclosure Numbers Today Are Nothing Like 2008

05/01/2023

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04/27/2023

4 Tips for Selling Your House

04/22/2023

Time Is Money When Selling Your House

04/15/2023

What Does It Mean To Be in a Sellers’ Market?

04/08/2023

Homeownership Is a Hedge Against Inflation

04/05/2023

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:

“[H]ome prices will be steady in most parts of the country with a minor change in the national median home price.”

You might think sellers would have to lower prices to attract buyers in today’s market, and that’s part of why some may have been waiting for prices to come crashing down. But there’s another factor at play – low inventory. And according to Yun, that’s limiting just how low prices will go:

“We simply don’t have enough inventory. Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30 percent price decline is highly, highly unlikely.”

There have been a lot of shifts in the housing market recently.

04/01/2023

Why a Smaller Home May Be the Best Fit

03/25/2023

The Current Housing Shortage Helps Keep Home Prices from Crashing

03/24/2023

The current housing shortage helps keep home prices from crashing. To learn about home prices in our local market, let’s connect. 470-655-8242

03/23/2023

Condos Are a Great Entryway to Homeownership

03/22/2023

Selma Hepp, Chief Economist at CoreLogic, says:

“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains. Nevertheless, the continued shortage of for-sale homes is likely to keep price declines modest, which are projected to top out at 3% peak to trough.”

Over the past year, home prices have been a widely debated topic.