What the Housing Chill Means for Home Buyers — Portia Green, REALTOR® — Cømpass

News → Housing Chill

What the Housing Chill Means for Home Buyers

Calmer Space for Decision Making

11 August 2022

Buying Properties

If you want to buy a house in soon, there’s good news: prices are declining for the first time since the pandemic began and the real estate market is normalizing. In fact, the median home price dropped 4 percent across the country from May to June according to the National Association of REALTORS®.

It’s the first time that’s happened since 2010 during these usually robust months for housing purchases. Not only are prices dropping at a record pace, sales are in a freefall too with reduced closings this summer.

If you’re weighing out whether to buy a home now or wait for prices to fall further, it’s important to consider the potentially offsetting influence of higher mortgage rates in the future. With the market expertise of your local Compass agent and our real estate sales services, you can negotiate better terms and lock in a more favorable home price before any further rate increases.

Portia Green, REALTOR®

Portia’s clients all have a similar story. Most likely, you met her huddled around a tablet at the dinner table yet she feels like a friend. Her personable nature and easy going approach attract Sellers and Buyers alike, in what can be a stressful and emotionally charged event. A talented REALTOR® with 15 years experience, Portia is just as excited about real estate today as she was with her first transaction. She remains ever-committed to helping her clients find their place in the world and helping busy people navigate this crazy real estate market like a pro.

Related News

The Real Estate Market Has Peaked

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?

10 Questions to Ask a REALTOR® Before Buying a House

Here are 10 key questions to ask while interviewing REALTORS® to find out if they’re a good fit for you, whether referred by a friend or researched online.

Curb Impulse Buying This Holiday Season

Here are ways to keep impulse buying at bay this holiday season, so you can head into the new year without derailing your financial goals.

The Search: How to Start House Hunting

Before you can buy a house, you’ve got to find it first. Learn why house hunting is some of the most fun you’ll have in real estate.

Buying a House With an ADU Rental Unit

For people looking to help pay for their mortgage every month, buying a house with an attached rental unit might just provide a monthly bump.

Top Tips to Save Money While Moving

Learn how to move more affordably with some of these budget-conscious guidelines, even if you are going a distance.