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Housing Market Not Crashing, Just Cooling | Real Estate News
Description
HomeServices of America is telling buyers to stop waiting for mortgage rates to drop — they say the housing market is stable, not crashing, and high rates are just a temporary bump. The brokerage expects sales to rebound as the economy strengthens, urging buyers not to miss out on opportunities. Sellers, meanwhile, are being advised to price realistically: with more competition and buyer patience than before, overpricing could stall deals. While national prices are still climbing — up 1.7% this year — regional trends vary: the Northeast remains seller’s paradise, the West Coast is cooling slightly, and Mountain West markets like Denver are seeing more buyer power thanks to higher inventory.
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