As we know, the housing market has been fluctuating the past few months with prices rising and high interest rates. However, we have some news on what may happen for the upcoming month. According to housing experts, they are keeping an eye on the economy, which is being pulled in several directions due to other factors like inflation, gas prices, and more.
Unfortunately, it does not appear that home prices are going to fall in the near future with a 9.9% yearly increase for prices in 2022. Luckily, the housing market is moving towards a balance while everybody adjusts! It is ultimately up to you as to whether you want to buy a house now or wait, but it is highly recommended to weigh your pros and cons so you don't end up with buyers remorse! A tip for buyers is to come up with a budget and stick with it! Keep in mind it is still a seller's market. A tip for our sellers is to find yourself an agent who is not only recommended, but knows the area. You want an agent that will work closely with you, like Coastal Green Properties! ;)