{"id":5752,"date":"2024-03-21T05:30:00","date_gmt":"2024-03-21T10:30:00","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/what-are-experts-saying-about-the-spring-housing-market\/"},"modified":"2024-03-21T05:30:00","modified_gmt":"2024-03-21T10:30:00","slug":"what-are-experts-saying-about-the-spring-housing-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/what-are-experts-saying-about-the-spring-housing-market\/","title":{"rendered":"What Are Experts Saying About the Spring Housing Market?"},"content":{"rendered":"

\"What<\/p>\n

If you\u2019re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices<\/a> and mortgage rates<\/a> are headed, and how to navigate today\u2019s market. If so, here’s what the professionals are saying about what\u2019s in store for this season.<\/p>\n

Odeta Kushi<\/strong><\/a>, Deputy Chief Economist, First American<\/em>:<\/strong><\/p>\n

\u201c. . . <\/em>it seems our general expectation for the spring is that we will see a pickup in inventory.<\/em><\/strong> In fact, that already seems to be happening. But it won\u2019t necessarily be enough to satiate demand.\u201d<\/em><\/p><\/blockquote>\n

Lisa Sturtevant<\/strong><\/a>, Chief Economist, Bright MLS<\/em>:<\/strong><\/p>\n

\u201c<\/em>There is still strong demand<\/em><\/strong>, as the large millennial population remains in the prime first-time homebuying range.\u201d<\/em><\/p><\/blockquote>\n

Danielle Hale<\/strong><\/a>, Chief Economist, Realtor.com<\/em>:<\/strong><\/p>\n

\u201cWhere we are right now is the best of both worlds. <\/em>Price increases are slowing, which is good for buyers, and prices are still relatively high, which is good for sellers.<\/em><\/strong>\u201d<\/em><\/p><\/blockquote>\n

Skylar Olsen<\/strong><\/a>, Chief Economist, Zillow:<\/em><\/strong><\/p>\n

\u201cThere are slightly more homes for sale than this time last year, and there is still plenty of competition for well-priced houses.<\/em> Buyers should prep their credit scores and sellers should prep their properties now, attractive listings are going pending in less than a month, and time on market will shrink in the weeks ahead.<\/em><\/strong>\u201d<\/em><\/p><\/blockquote>\n

Jiayi Xu<\/strong><\/a>, Economist,<\/strong> Realtor.com<\/em>:<\/strong><\/p>\n

\u201cWhile mortgage rates remain elevated, <\/em>home shoppers who are looking to buy this spring could find more affordable homes on the market than they saw at the same time last year<\/em><\/strong>. Specifically, there were 20.6% more homes available for sale ranging between $200,000 and $350,000 in February 2024 than a year ago, surpassing growth in other price ranges.\u201d<\/em><\/p><\/blockquote>\n

If you\u2019re <\/strong>looking to sell<\/strong><\/a>, this spring<\/a> might be your sweet spot<\/a> because there just aren\u2019t many homes on the market. Sure, inventory is rising, but it\u2019s nowhere near enough to meet today\u2019s buyer demand. That\u2019s why they\u2019re still selling so quickly.<\/p>\n

If you\u2019re <\/strong>looking to buy<\/strong><\/a>, the growing number of homes for sale this spring means you\u2019ll have more choices than this time last year. But be prepared<\/a> to move quickly<\/a> since there\u2019ll be plenty of competition<\/a> with other buyers.<\/p>\n

Bottom Line<\/h3>\n

No matter what you’re planning, team up with a local real estate agent<\/a> to confidently navigate the busy spring housing market<\/a>.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today\u2019s market. If so, here’s what the professionals are saying about what\u2019s in store for this season. Odeta Kushi, Deputy Chief Economist, First American: \u201c. . […]<\/p>\n","protected":false},"author":1,"featured_media":5753,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-5752","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nWhat Are Experts Saying About the Spring Housing Market?—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/what-are-experts-saying-about-the-spring-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Are Experts Saying About the Spring Housing Market?—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today\u2019s market. 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