Inventory remains low, but buyers are beginning to have better negotiating power. Even with this low inventory, the U.S. housing market remains dynamic and there are dramatic regional differences. All housing markets, after all, are local.
U.S. builder confidence in the market for newly built single-family homes rose in March. This is the third straight monthly increase in builder sentiment levels.
U.S. home prices are forecast to decline modestly this year but by less than previously thought. While it might be tempting to hold off on buying a property until a better deal arrives, there’s no guarantee that mortgage rates will drop or that homes will become more affordable in 2024.
For sellers, now may be the time to strike. Typically, homeowners who list their homes in the spring can take advantage of higher buyer demand. Most economists believe that affordability pressure will continue to curb demand. So if you’re poised to sell, some experts contend that now is a better time than later this year.
In this complex housing market, you need experience and expertise on your side. I can help. Contact me today so we can formulate the best plan for your needs: (919) 291-5704
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