What the Housing Chill Means for Home Buyers
If you want to buy a house soon, there’s good news: prices are declining for the first time since the pandemic frenzy and the market is normalizing.
If you want to buy a house soon, there’s good news: prices are declining for the first time since the pandemic frenzy and the market is normalizing.
Given the popularity of coastal real estate, it’s no surprise that bidding wars along the coast are among the most competitive markets nationwide.
During the pandemic, home buyers lamented a lack of inventory, which helped push prices to record highs. But all of a sudden, listings are piling up.
It likely comes as no surprise that we’ve been in the middle of historically high home values. Has the market peaked, or will the craze continue?
Inflation is the highest it’s been in 40 years and no doubt it has adversely impacted your budget. But how is it affecting the home you want to buy?
Should you wait for real estate prices to crash before buying a house? Read on to compare this housing market downturn to the 2008 housing bubble.