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Despite what you’ve heard, experts say home prices won’t fall in most markets. They’ll just appreciate more moderately.
Today, data shows buyer demand is moderating in the wake of higher mortgage rates.
While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. That means your window of opportunity to list your house hasn’t closed.
It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. Today’s market is nothing like that.
While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold based solely on market factors.
The housing market is still strong; it’s just easing off from the unsustainable frenzy it saw during the height of the pandemic.