When Will Prices Drop?
Filed under Home Buyers, Homeowners on Aug 30,2022 | Tagged in: buying tips, home prices, mortgage
A potential drop in home prices is on the minds of both buyers and sellers. According to Forbes Advisor, home prices have continued to surge despite higher mortgage rates and an increase in housing supply – factors that typically put downward pressure on home prices. Today’s numbers still show the market is resilient and costly. Forbes notes that buyers who try to time the market or predict what might happen next year would do better to buy now based on your current budget and needs. For sellers, while rising interest rates may discourage some buyers, housing inventory remains low, so there is still opportunity to market your home at a premium price.
For tips on buying and selling in a hot housing market, read the full article here. Then trust the team at Vanguard Realty Associates to put those tips into action.