Charlar Acar | June 1, 2022
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say.
“The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beginning of the year. The catch up is likely to continue, . . . This growth will mean more options for shoppers than they’ve had in a while, even though inventory continues to lag pre-pandemic normal.”
“… ongoing inflationary pressure remains likely to push mortgage rates even higher in the months to come.”
Home prices are forecast to keep appreciating because there are still fewer homes for sale than there are buyers in the market. That said, experts agree the pace of that appreciation should moderate – but home prices won’t fall. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“Prices throughout the country have surged for the better part of two years, including in the first quarter of 2022. . . Given the extremely low inventory, we're unlikely to see price declines, but appreciation should slow in the coming months.”
Whether you’re a homebuyer or seller, you need to know what’s happening in the housing market, so you can make the most informed decision possible. Let’s connect to discuss your goals and what lies ahead, so you can pick your best time to make a move.
Stay up to date on the latest real estate trends.
Charlar Acar | December 29, 2022
For the week of December 19-25
Charlar Acar | October 18, 2022
Charlar Acar | October 10, 2022
Report on Contracts Signed Manhattan Residential Properties $4 Million and Above
Charlar Acar | October 3, 2022
Report on Contracts Signed in Manhattan Residential Properties $4M & Above
Charlar Acar | September 27, 2022
Charlar Acar | September 26, 2022
Charlar Acar | September 15, 2022
Charlar Acar | July 18, 2022
Charlar Acar | July 13, 2022
For more than 6 years as an ABR, he has merited the trust of his clients and the respect of his colleagues in the real estate industry. He keeps confidences and represents each party with the highest level of service while bringing intelligence and skill to each transaction, large or small.