{"id":9999,"date":"2024-03-21T06:30:00","date_gmt":"2024-03-21T10:30:00","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9999"},"modified":"2024-03-21T06:30:00","modified_gmt":"2024-03-21T10:30:00","slug":"what-are-experts-saying-about-the-spring-housing-market","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9999","title":{"rendered":"What Are Experts Saying About the Spring Housing Market?"},"content":{"rendered":"
\"What<\/p>\n

If you\u2019re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices<\/a> and mortgage rates<\/a> are headed, and how to navigate today\u2019s market. If so, here’s what the professionals are saying about what\u2019s in store for this season.<\/p>\n

Odeta Kushi<\/strong><\/a>, Deputy Chief Economist, First American<\/em>:<\/strong><\/p>\n

\u201c. . . <\/em>it seems our general expectation for the spring is that we will see a pickup in inventory.<\/em><\/strong> In fact, that already seems to be happening. But it won\u2019t necessarily be enough to satiate demand.\u201d<\/em><\/p><\/blockquote>\n

Lisa Sturtevant<\/strong><\/a>, Chief Economist, Bright MLS<\/em>:<\/strong><\/p>\n

\u201c<\/em>There is still strong demand<\/em><\/strong>, as the large millennial population remains in the prime first-time homebuying range.\u201d<\/em><\/p><\/blockquote>\n

Danielle Hale<\/strong><\/a>, Chief Economist, Realtor.com<\/em>:<\/strong><\/p>\n

\u201cWhere we are right now is the best of both worlds. <\/em>Price increases are slowing, which is good for buyers, and prices are still relatively high, which is good for sellers.<\/em><\/strong>\u201d<\/em><\/p><\/blockquote>\n

Skylar Olsen<\/strong><\/a>, Chief Economist, Zillow:<\/em><\/strong><\/p>\n

\u201cThere are slightly more homes for sale than this time last year, and there is still plenty of competition for well-priced houses.<\/em> Buyers should prep their credit scores and sellers should prep their properties now, attractive listings are going pending in less than a month, and time on market will shrink in the weeks ahead.<\/em><\/strong>\u201d<\/em><\/p><\/blockquote>\n

Jiayi Xu<\/strong><\/a>, Economist,<\/strong> Realtor.com<\/em>:<\/strong><\/p>\n

\u201cWhile mortgage rates remain elevated, <\/em>home shoppers who are looking to buy this spring could find more affordable homes on the market than they saw at the same time last year<\/em><\/strong>. Specifically, there were 20.6% more homes available for sale ranging between $200,000 and $350,000 in February 2024 than a year ago, surpassing growth in other price ranges.\u201d<\/em><\/p><\/blockquote>\n

If you\u2019re <\/strong>looking to sell<\/strong><\/a>, this spring<\/a> might be your sweet spot<\/a> because there just aren\u2019t many homes on the market. Sure, inventory is rising, but it\u2019s nowhere near enough to meet today\u2019s buyer demand. That\u2019s why they\u2019re still selling so quickly.<\/p>\n

If you\u2019re <\/strong>looking to buy<\/strong><\/a>, the growing number of homes for sale this spring means you\u2019ll have more choices than this time last year. But be prepared<\/a> to move quickly<\/a> since there\u2019ll be plenty of competition<\/a> with other buyers.<\/p>\n

Bottom Line<\/h3>\n

No matter what you’re planning, team up with a local real estate agent<\/a> to confidently navigate the busy spring housing market<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\"What<\/p>\n

If you\u2019re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today\u2019s market.<\/p>\n<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,84,85],"tags":[],"class_list":["post-9999","post","type-post","status-publish","format-standard","hentry","category-blog","category-for-buyers","category-for-sellers"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9999"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9999\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}