"How's the Market?" What's Ahead for Real Estate
By Bev West, Greeley Real Estate Pro
(West Realty@Metro Brokers)
“How’s the Market?” What’s Ahead for Real Estate While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. Inventory will remain tight, mortgage rates will continue to creep up, and affordability will remain a major issue in many parts of the country.So what does that mean for home buyers and sellers? To answer that question, we take a closer look at some of the top indicators. CONTINUED GROWTH IN HOUSING MARKET There’s good news for homebuyers! In many markets across the country, prices have begun to stabilize after a period of rapid appreciation. Nationwide, home sales experienced a slight decline of 1.6 percent in the second quarter, primarily due to higher mortgage rates and housi...
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